Revenue up 68%, profit up 116% , cash on hand up 280% …
Those annual results are the sort most companies’ bosses dream of. They are certainly are the kind of results Fonterra’s farmer-suppliers are not likely to hear from the co-op’s board in this lifetime.
But for A2 Milk’s shareholders they are real. Reporting to shareholders (who indeed have had a dream run this year), the company this week said revenue reached $922.7m, annual profit $195.7m, and the sales margin was 31%, up from 26%
Other key statistics included strong cash conversion with operating cash flow of $231.1m – up 131%, and basic earnings per share of 27c – up from 12.7c. Continue reading “A2 Milk reports an a1 result while scientists work on the health benefits”