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A2 Milk shares surge as economic outlook improves

Author
Newstalk ZB,
Publish Date
Mon, 17 Feb 2025, 8:14pm
A2 Milk's share price dropped by more than 20 per cent this morning despite the alternative milk company reporting a 70 per cent cent increase in revenue for the nine months to March 31 (Stock photo \ Getty Images)
A2 Milk's share price dropped by more than 20 per cent this morning despite the alternative milk company reporting a 70 per cent cent increase in revenue for the nine months to March 31 (Stock photo \ Getty Images)

A2 Milk shares surge as economic outlook improves

Author
Newstalk ZB,
Publish Date
Mon, 17 Feb 2025, 8:14pm

A2 Milk has upped its first-half net profit by 7.6 percent - overtaking expectations - and announced its first dividend of 8.5 cents a share.

Its infant milk formula (IMF) sales grew by 7.2 percent, led by its English label, which was up 13 percent, while China label sales were 2 percent higher.

Harbour Asset Management's Shane Solly unpacked the factors behind this change.

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