Markets

a2 Milk shares have taken off again

Shares in a2 Milk surged after the infant formula maker released a trading update forecasting further growth for its products in China and the US. A short time ago, its shares were up 7.4% to $9.70. The company says revenue for the first three months of the financial year are […]
a2 Milk shares have taken off again
Markets

Synlait has doubled profit on the back of china and infant formula sales

Synlait, which supplies a2 Milk’s infant formula for China, posted a full year net after tax profit of $NZ74.6 million, almost double last year’s $NZ39.5 million. The company says an increase in infant formula sales helped to drive the result. Revenue was $NZ879 million, up 15.8%. Its partnership with a2 […]
Synlait has doubled profit on the back of china and infant formula sales
Markets

Bellamy’s is back in profit as revenue jumps by a third

Bellamy’s full year revenue $329 million, up 37%. Net profit after tax $43.26 million, up from a loss of $809,000. Slower growth forecast for 2019. Bellamy’s is back in profit, following a major slump sparked by regulatory changes in China, as revenue at the infant formula maker rose 37% to […]
Bellamy’s is back in profit as revenue jumps by a third
Markets

Sales at infant formula maker Bubs just jumped more than 500%

Bubs Australia quarterly growth driven by additional revenue streams for infant formula. Q4 gross sales up 531% to $8.89 million. Export sales to China grew 644% to $1.9 million, accounting for 22% of total quarterly gross revenue. Organic infant formula maker Bubs Australia lifted gross sales by 531% to $8.89 […]
Sales at infant formula maker Bubs just jumped more than 500%
Markets

a2 Milk is about to post a 68% lift in full year revenue

Unaudited numbers for a2 Milk Company show a 68% increase in 2018 full year revenue to $NZ922 million. And the infant formula maker, whose products are in high demand in China, says further growth is expected in 2019. The company plans to spend more on marketing win Australia and China, […]
a2 Milk is about to post a 68% lift in full year revenue
Markets

a2 Milk shares surge after a new infant formula deal with Synlait

Shares in a2 Milk Company surged after announcing an extension and increase to its supply deal with Synlait, the New Zealand-based infant formula company. A short time ago, they were up 4.7% to $10.86. a2 Milk was the ASX’s best performing stock in 2017-18 with an annual gain of 179.79%. […]
a2 Milk shares surge after a new infant formula deal with Synlait
Markets

Bubs Australia shares jump on news it’s done a deal with Alibaba

Shares in Bubs Australia jumped after the infant formula maker announced a Merchant Service Agreement with Alibaba, the largest e-commerce platform in China, for a Flagship Store on Tmall Global. A short time ago, they were 5% higher at $0.84, up from a low of $0.73 this month. “Alibaba is […]
Bubs Australia shares jump on news it’s done a deal with Alibaba
Markets

Shares in Synlait Milk are surging

Shares in Synlait Milk jumped after the New Zealand-based infant formula company posted strong revenue growth numbers for the latest half year. A short time ago, the shares were up 12.8% to $8.59. Revenue lifted 52% to $NZ439.3 million and profit jumped 283% to $NZ40.6 million for the six months […]
Shares in Synlait Milk are surging
Markets

The turnaround at Bellamy’s is starting to gain traction

The turnaround of Bellamy’s, the maker of organic infant formula loved by the Chinese market, is starting to work with strong revenue and profit growth over the first half of 2018. Revenue was up 48% to $174.91 million for the six months to December and net profit after tax jumped […]
The turnaround at Bellamy’s is starting to gain traction
Markets

a2 Milk Company smashes its profit and its shares go nuts

a2 Milk Company, the infant formula maker a2 Milk whose sales have been booming in China, today posted a 150% jump in profit to $98.5 million for the first half. Revenue was up 70% to $434 million on strong growth in sales of the a2 Platinum infant formula in Australia […]
a2 Milk Company smashes its profit and its shares go nuts
Markets

Bellamy’s upgrades its profit guidance, its shares go nuts

Shares in Bellamy’s Australia surged after the organic infant formula maker upgraded its revenue and profit guidance. At the close, the shares were up almost 25% to $13.68. The company, whose spectacular growth via China suddenly stalled in 2016 following regulatory changes, today upgraded its full year guidance for revenue […]
Bellamy’s upgrades its profit guidance, its shares go nuts
Markets

A former Jetstar CEO is taking over as head of a2 Milk

Jayne Hrdlicka, a former CEO of the Jetstar, has been appointed CEO of infant formula maker a2 Milk whose sales have been booming in China. She takes over at the start of the 2019 financial year from Geoffrey Babidge who is retiring after 10 years in the role. Hrdlicka said: […]
A former Jetstar CEO is taking over as head of a2 Milk
Markets

a2 Milk sales jump again, its shares surge

Shares in a2 Milk jumped after the infant formula maker released a trading update showing strong sales for the first four months of the financial year. A short time ago, the shares were up 4.5% to $A7.39. At the company’s AGM, a2 Milk told shareholders revenue was up 68.9% to […]
a2 Milk sales jump again, its shares surge
Markets

Bubs launches its goat milk infant formula on Tmall, its shares go nuts

Bubs Australia shares jumped after the organic baby food and infant formula maker announced it was selling its products on the Chinese-language Tmall from ecommerce giant Alibaba. A short time ago, the shares were up 24.8% to $0.805. The Australian company launched its Goat Milk Infant Formula and new Bubs […]
Bubs launches its goat milk infant formula on Tmall, its shares go nuts
Markets

Bellamy’s has upgraded its profit guidance

Bellamy’s has upgraded its full year guidance following better than expected revenue growth for its infant formula business. The company, in the middle of a turnaround plan after it hit a sales road block in China last year, says early results for 2018 have been positive. Bellamy’s is upgrading its […]
Bellamy’s has upgraded its profit guidance