Specialist baby-food maker A2 Milk has tripled its full-year profit because of strong demand for its infant formula and liquid milk.
Photo: 123rf
Its net profit in the year to June rose to $90.6 million, compared with the same period last year.
Revenue rose by more than half to $549.5m.
Its core markets - Australia and China - continue to drive the company, especially sales of the A2 Platinum infant formula product.
Other markets - the United States and Britain - are also expanding.
Managing director Geoff Babidge said it has a winning formula with customers and the company was planning to expand its product range.
A2 plans to undertake a share buy-back of up to $40m over the next 12 months after a review of its capital management.
