There has been a near seven-fold increase in A2 Milk's net profit in the first four months of the year, while sales were nearly twice what they were the year before.
The speciality infant formula and milk products company's net profit rose to $22 million in the four months ended in October, compared with $3.2m the year earlier.
The company told shareholders at their annual meeting in Sydney that continued demand for its products in China helped drive sales up 96 percent to $155.2m in the four-month period.
It said there was a particularly large surge in sales leading up 11 November, which is known as singles day, (represented by the single digits 11/11) and is one of the biggest sales days of the year in China.
A2 Milk's underlying profit rose more than five and a half times to $35.5m, from $6.2m the year earlier.
It said the board expected to adopt a dividend policy at the end of the financial year ending in June, assuming there was a strong operating cash flow and no significant new capital demands.