A2 Milk shares plunge despite 'fantastic' result

Investors took a dim view of A2 Milk's results, even though the company beat its own frequently upgraded guidance. With special feature audio.

Jenny Ruth
Thu, 25 Aug 2016

A2 Milk’s [NZX: ATM] share price dived as much as 10% on Wednesday, despite the dairy products company beating its own guidance on annual operating earnings.

The company reported earnings before interest, tax, depreciation and amortisation (ebitda) of $54.6 million for the year ended June compared

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