For a2 Milk, China loomed as the most lucrative market for a premium infant formula producer. But after years of strong growth in the region, a2 Milk hit snags following the pandemic. Its daigou channels were disrupted and local companies began to assert themselves. Not to mention China’s declining birth rate. a2 Milk reported today […]
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A2 Milk profit rises but shares slump
Baby formula merchant a2 Milk (ASX:A2M) is down 7% in early morning trade after the release of its 1H23 results. A2 Milk categorised its half-year performance as strong, given the ‘very challenging market’. 1H23 result was in line with management’s expectations. Revenue rose 18.6% to $783.3 million. Net profit after tax rose 22.1% to $68.5 million. Importantly […]
ASX News Live | ASX Trips Up; A2 Milk, Nuix, NIB, Adairs All Feature
ASX opens lower on crowded earnings day with A2 Milk, Nuix, NIB, Helloworld all featuring.
A2 Milk [ASX:A2M]Rises on FDA Import Approval
The US Food and Drug Administration (FDA) exercised its discretion to allow A2 Milk Company [ASX:A2M] to import infant milk formula (IMF) products into the US.
A2 Milk to Commence Buyback on ‘Positive Start to the Year’
Milk and infant formula manufacturer The a2 Milk Company [ASX:A2M] is set to commence an on-market share buyback next month and has provided a 1Q FY23 trading update.
A2 Milk [ASX:A2M] Rises on China Market Registration Update
Australian milk and infant formula producer A2 Milk Company [ASX:A2M] updated the market on the renewal and registration for its China-label infant milk formula. Last month, A2M announced that its China-label product registration was due to expire in late September 2022. Synlait Milk [ASX:SM1], which produces the milk for A2 Milk’s China-label product, received notification […]