A2 Milk shares plunge after announcing 70% sales increase
The company is refreshing its infant formula branding with more care.
Hot Topic
EARNINGS
It’s not every company that can report a 70% increase in sales and still disappoint the market but A2 Milk has done exactly that.
It says sales rose in the nine months ended March to $660 million and it expects annual revenue will be $900-920m.
The company, which also reported a 70% increase
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Jenny Ruth
Wed, 16 May 2018
Wed, 16 May 2018
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A2 Milk shares plunge after announcing 70% sales increase
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