Overview

• A2 Milk posted a full-year net profit of NZ$202.9 million, a 21.1% increase that narrowly topped the NZ$202.2 million Visible Alpha consensus.
• Management attributed the profit gain to robust infant formula sales in China, its largest market.
• The company agreed to sell its Mataura Valley Milk plant to Open Country Dairy and acquire Pōkeno dairy processing assets.
• Year-to-date share price gains from NZ$6.17 to about NZ$8.70 reflect investor confidence in its earnings and strategic moves.
• Analyst forecasts had predicted around NZ$192 million in net profit, highlighting the significance of the earnings beat.