[21 November/National Business Review]

A2 Milk says both revenue and net profit jumped in the first four months of the current financial year due to strong demand for its infant formula. Revenue increased 69 percent to $262.2 million in the four months ended October 30 from the comparative period a year ago. Net profit more than doubled to $52.3 million. A2 shares increased 4.1 percent to $8.16, experiencing a 268 percent increase overall this year. A2 is the best performing stock on the benchmark S&P/NZX 50 Index this year. The most recent increase in group revenue is due to strong growth in nutritional products in Australia, New Zealand, China, the US and UK. A2 reported pleasing progress in the rate of sale for fresh milk in the UK and continued growth in distribution as well as incremental opportunities in Europe and the Middle East.