Markets

Bega and a2 Milk distance themselves from Bellamy’s

Two key Australian players exporting infant formula to China, Bega Cheese and a2 Milk, have moved to differentiate themselves from Bellamy’s, which is now in a trading halt after problems with sales in China. Both companies saw their share prices suffer earlier this month after Bellamy’s announced a slowing of […]
Bega and a2 Milk distance themselves from Bellamy’s
Markets

a2 Milk shares jump as infant formula revenue doubles

Demand for a2 infant formula in China and premium fresh milk in Australia has again pushed the company to record revenue. The a2 Milk company today reported revenue of $NZ155.2 million ($A148 million) for the first four months of the financial year, up 96% on the same period last year. […]
a2 Milk shares jump as infant formula revenue doubles
Markets

The Blackmores and Bega infant formula push into China isn’t working

China’s seemingly insatiable appetite for Australian infant formula appears to have come to an end. Discounting has set in and Bega Cheese says its partnership with Blackmores to sell infant formula to China isn’t getting the results it expected. Sales haven’t materialised as forecast when the joint venture started in […]
The Blackmores and Bega infant formula push into China isn’t working
Markets

a2 Milk posts a record profit on 414% rise in sales of baby formula

The a2 Milk Company today posted a full year profit of $NZ30.44 million, overturning a $NZ2.1 million loss in 2015, on strong sales of its Platinum infant formula in China. Total revenue for the ASX-listed New Zealand company was up 127.4% to $352.8 million, in line with the latest guidance, […]
a2 Milk posts a record profit on 414% rise in sales of baby formula
Markets

The death of infant formula sales to China has been exaggerated

Shares in the a2 Milk Company jumped after the dairy and infant formula company raised its profit guidance on the back of sales to China. A short time ago, a2 shares were up 12% to $1.685. Shares in Bellamy’s, which also sells infant formula in China, were up 4% to […]
The death of infant formula sales to China has been exaggerated