Edition:
United States

a2 Milk Company Ltd (ATM.NZ)

ATM.NZ on New Zealand Stock Exchange

6.00NZD
20 Sep 2017
Change (% chg)

-- (--)
Prev Close
$6.00
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
2,373,198
52-wk High
$6.27
52-wk Low
$1.77

Latest Key Developments (Source: Significant Developments)

a2 Milk Company says FY net profit attributable NZ$90.6 mln
Tuesday, 22 Aug 2017 04:31pm EDT 

Aug 23 (Reuters) - A2 Milk Company Ltd ::FY revenue NZ$549.5 million, up 55.8 percent.The company does not propose to pay a dividend for the year ended 30 June 2017.FY net profit attributable NZ$90.6 million , up 197.8 percent."Company’s working capital outlook assumes an increase in infant formula inventory to more sustainable levels during the year".Expects continued growth in the 2018 financial year, in particular from infant formula and milk powder products in Australia and China.  Full Article

A2 milk Co confirms that there are no senior management changes currently contemplated
Monday, 21 Aug 2017 08:05pm EDT 

Aug 22 (Reuters) - A2 Milk Company Ltd :Confirms that there are no senior management changes currently contemplated."Board does not see any eventual transition taking place in near future".Given that CEO Geoff Babidge is reaching normal retirement age next year, board is working with him on matters of his ultimate succession.  Full Article

A2 Milk Co & Synlait confident of application to export a2 platinum infant formula to China
Thursday, 3 Aug 2017 08:50pm EDT 

Aug 4 (Reuters) - A2 Milk Company Ltd :Co and synlait confident with progress of their application to export a2 platinum infant formula to China from 1 january 2018​.Both companies confident that synlait's registration application with CFDA will progress as expected​.  Full Article

A2 Milk Company revises its full year outlook upwards​
Thursday, 15 Jun 2017 04:30pm EDT 

June 16 (Reuters) - A2 Milk Company Ltd -:‍Company has determined it appropriate to further revise its full year outlook upwards​.Revenue is now forecast to be approximately nz$545 million for 2017 financial year, an increase of approximately nz$20 million on previous update.Marketing expenditure in second half is now expected to be approximately nz$10 million higher than first half of 2017 financial year.  Full Article

A2 Milk appoints Peter Nathan as chief executive Asia Pacific
Tuesday, 6 Jun 2017 09:58pm EDT 

June 7 (Reuters) - A2 Milk Company Ltd :Peter nathan will be appointed as chief executive asia pacific.Advises reorganisation of responsibilities within senior leadership team to support ongoing development of businesses in asia pacific region.  Full Article

A2 Milk Company forecasts Group's revenue for 2017 financial year to be about NZ$525 mln
Tuesday, 25 Apr 2017 04:31pm EDT 

April 26 (Reuters) - A2 Milk Company Ltd :It was anticipating lower infant formula sales during second half relative to first half FY17.Company confirms that for 9 months ended 31 March 2017, group revenue was NZ$388.5 million.Group revenue for 2017 financial year is forecast to be approximately NZ$525 million.Company is now expecting infant formula sales for second half FY17 to exceed sales achieved in first half FY17."Still expecting infant formula sales to be materially higher than in second half FY16".  Full Article

a2 milk announces admission to S&P/ASX All Australian 200 Index
Thursday, 9 Mar 2017 05:20pm EST 

a2 Milk Company Ltd :Announce its admission to s&p/asx all australian 200 index effective at open of trading on 20 march 2017.  Full Article

A2 Milk to acquire about 8.2 pct stake in Synlait Milk
Thursday, 2 Mar 2017 02:46am EST 

A2 Milk Company Ltd : Will acquire a shareholding in Synlait Milk Limited further strengthening current business relationship between two parties . In acquiring this stake in synlait, A2mc has no plans to increase its shareholding beyond present level . Deal for total consideration of about nz$47.9m .A2mc will acquire, through a subsidiary, about 8.2% of fully paid ordinary shares in Synlait from Frieslandcampina.  Full Article

A2 Milk Company updates on trading performance
Tuesday, 20 Dec 2016 08:11pm EST 

A2 Milk Company Ltd : revenue for first four months of 2017 financial year was nz$155.2 million . ebitda was nz$35.5 million for first four months of 2017 financial year . "company notes higher level of recent commentary and interest from shareholders relating to infant formula market" ."confirms that, consistent with trends communicated at annual meeting, business continues to trade very strongly".  Full Article

a2 Milk says FY revenue NZ$352.8 mln, up 127.4%
Tuesday, 23 Aug 2016 04:30pm EDT 

a2 Milk Company Ltd : The A2 Milk Company Limited - atm nzx results FY 2016 . Says FY total revenue of $352.8 million - an increase of 127.4% over the prior corresponding period . expects continued growth in 2017 financial year, in particular from infant formula and milk powders in Australia and China and improved momentum in US business . All figures in nz$ .  Full Article