[17 October/NZ Herald]

The a2 Milk Company has increased its share of the Chinese infant formula market to 5.6 percent over the past year. It said revenue for the first three months of its financial year were consistent with company expectations, and reflected continued strong growth in infant formula and milk products. Retail store distribution in China increased from 10,000 stores to 12,000 stores.  a2 Milk added its cross border e-commerce sale momentum in China was building ahead of key online sales events there. It retained a leading market share position for a2 Platinum infant formula in Australia of 32 percent. In the U.S., its distribution footprint increased from around 6,000 stores to 8,000 stores. There was growth in key accounts such as Costco and Walmart. In August, a2 Milk lifted its net profit by 116 percent, and noted at the time it anticipated further revenue growth.