20 Feb 2019

A2 Milk posts $152m half year profit

12:39 pm on 20 February 2019

Speciality dairy company A2 Milk has posted a record half-year profit on the back of surging demand for its infant formula.

Serving fresh milk in a glass vase on a wooden table

A2 Milk's net profit profit for the half year was $152.7m. Photo: 123RF

The company's net profit was $152.7 million compared with last year's $98.5m.

Its revenue rose 41 percent to $613.1 million because of strong demand in Australia and China for its infant formula products.

Managing director Jayne Hrdlicka said following a very strong first half performance, and encouraged by growing market share in China, A2 was now looking to upping its marketing activities in the second half of the year.

"This is intended to drive brand awareness, predominantly in China, and the US," she said.

In the past year the company has teamed up with Fonterra to make A2 dairy products for New Zealand and overseas markets, as well as expand its distribution network in the United States and China.

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