Posts tagged "A2 Milk"

A2 Milk shares tumble after Nestle launches competing formula

[28 March/The Country] A2 Milk shares fell 6.5 percent due to Nestle confirming its launch of an A2 infant formula product. A Nestle spokeswoman confirmed the release. Salt Funds’ Managing Director, Matt Goodson, said the price was being driven down because of this news and that there were fears large premiums may fall. A2 milk...

Waikato to get new milk powder factory

[27 February/Radio NZ] Synlait is investing $260 million into the development of a new milk powder factory in Waikato. The company said they were buying 28 hectares in Pokeno to build an infant base powder factory, and that they expected the first dryer to produce 40,000 tonnes a year. Synlait’s Chief Executive, John Penno, said...

a2 Milk expands brand in North East United States

[17 January/NZ Herald] The a2 Milk Company said it is planning to expand its brand of milk across the North East of the United States this year.  The company noted that it had been focused on achieving sales based targets in its initial markets before it started to expand its footprint in the US into...

Qantas executive to take over as a2 Milk Company chief executive

[14 December/Stuff Business] Experienced Qantas Executive, Jayne Hrdlicka, has been named as the new CEO of a2 Milk Company, replacing Geoff Babidge. Ms Hrdlicka is currently leading the customer loyalty business of Qantas having previously been CEO of Jetstar. She has also served as a non-executive director of Woolworths and was a partner at Bain...

A2 Milk revenue, profit pushes higher in first four months FY18

[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...

NZX top performer A2 Milk cites ‘pleasing’ start of 2018 FY

[13 November/New Zealand Herald] A2 Milk was the best performing stock on the benchmark S&P/NZX 50 Index this year after its annual profit tripled. The company outlined positive developments in its Australia and New Zealand, China and other Asia, US and UK markets. A2’s shares increased 3.1 percent to $7.64 and increased 248 percent this...

A2 milk stops some dairy intolerance symptoms – study

[22 October/New Zealand Herald] New Zealand research has suggested that brand A2 Milk prevents some symptoms of dairy intolerance and eases others. A2 Milk comes from cows that naturally produce only the A2 type of beta-casein protein. Conventional milk contains both the A1 and A2 types of beta-casein. The brand is currently sold in Australia,...

Specialty product a2 Milk popular with consumers but not dairy industry

[12 October/ CBS News] In the United States, a2 milk is rising in popularity as people who have difficulty digesting regular milk, with A1 and A2 proteins are turning to a2 milk as an alternative. An a2 Milk company-funded study claims that when A1 proteins are broken down in the gut, they form the BCM-7...

A2, Synlait boosted by China export registration

[2 October/New Zealand Herald] A2 Milk’s shares reached a new high, increasing 6.5 percent to $6.95. Synlait rose 7.3 percent to $6.29, gaining 88 percent this year. This is due to A2 Milk gaining export registration from the China Food and Drug Administration (CFDA) to allow increased exports of its China label infant formula. A2...

Synlait, A2 Milk shares hit record high

[29 September/New Zealand Herald] The S&P/NZX 50 Index dipped 0.16 points, or 0.002 percent, to 7913.62. Within the index, 26 stocks fell, 19 increased, and five were unchanged. Turnover was $204 million. Synlait Milk and A2 Milk broke records on regulatory approval to retain Chinese market access for infant formula next year. Synlait Milk rose...

Record breaking share price in early trading for A2 Milk, beating expectations

[23 August/New Zealand] Standout share market performer, A2 Milk, has delivered a better than expected result and has seen its share price hit a record of $5.16 in early trading before slipping back slightly. The company, which is also listed on the ASX, tripled annual profit to $91 million driven by a 56% revenue increase....

A2 air freights fresh milk to Singapore from Australia

[4 August/ NZ Herald] A2 Milk has begun exporting fresh milk from Australia to Singapore to test the market and hoped to use Singapore as an entry to Southeast Asia eventually. A2’s Chief Executive Asia Pacific, Peter Nathan, said the company has an initial aim of selling 100,000 litres of milk to Singapore supermarkets and...

A2 Milk – from the fringe to investor favourite

[1 April/ New Zealand Herald] Alternative milk company a2 Milk now has a market capitalisation of more than $2 billion, and has hit a record share price of $2.99. A2 now has 10 percent of the fresh milk market in Australia, and gained 25 percent of the Australian infant formula market in just a few...

A2 Milk first-half profit skyrockets on booming sales

[15 February/ Radio New Zealand] A2 Milk, a speciality infant formula and milk products company, has seen an almost quadruple increase in first half-profit figures, increasing from $10m for the six months ended December 2015, to $39.4 million in the current year. Sales have almost doubled last year’s figure, with revenue seeing an 84 percent...

Dramatic lift in A2 Platinum brand recognition in China: survey

[13 February/ National Business Review] A recent survey of A2 Milk’s brand recognition amongst parents and pregnant women in China shows a significant uplift in brand recognition.  The survey by UBS showed 40% of consumers that predominately shop through online channels recognise the A2 Platinum brand, more than double the equivalent Bellamy’s brand, making it...

Aunt Jean’s throws light on cows

[24 January/ Dairy News] Nelson farmers Julian and Cathy Raine have recently launched a new dairy venture, Aunt Jean’s Dairy, which is bringing fresh A2 milk to dairy lovers around New Zealand.  The product was initially launched at the top of the South Island and selected outlets in Auckland but wider distribution is planned for...

A2 upgrades profit forecast; insulated from Chinese infant formula regulatory crackdown

[16 June/ National Business Review] A2 Milk has upgraded its profit forecast for the year ending 31 June 2016 to between $52 million and $54 million, over four times the $12 million forecast made in July 2015. The company was forecasting revenue of between $350 and $360 million, compared to the July 2015 forecast of...

A2 Milk shares surge amid strong support for dairy

[31 December/ Otago Daily Times] A2 Milk’s shares have surged after the company issued a revenue upgrade as a result of a significant increase in infant formula sales. The company’s shares rose to $2.42 on 30 December, resulting in a market capitalisation value of $1.75 billion. Harbour Asset Management Director, Shane Solly said similar stocks...

A2 Milk whips up $40m capital raising, oversubscribed

[9 October/ Business Day: NZ Farmer] A2 milk has completed its $40 million capital raising process. The offer was oversubscribed with an additional 58.8 million shares priced at 68 cents, sold. A2 Milk will also ask investors for an additional $3 million through a share purchase plan. The capital raising will help the company continue...

A2 shares halted after 7% plunge

[1 September/ National Business Review] A2 Milk has halted the trading of its shares, after they plunged 7 percent in response to the news that Freedom Foods and Dean Foods had decided not to pursue a takeover bid. A2 Milk blamed the share price drop on the end of takeover speculation and said that while...

A2 Milk burns through cash as takeover talks stall

[20 August/ National Business Review] A2 Milk has spent around $10 million in cash in the year ending 30 June 2015, as it begins to ramp up infant formula production ahead of its launch into the United States. The company has also called off a planned equity raising, after it decided a joint takeover offer...

Why didn’t NZX companies disclose 1080 threat?

[11 March/ NZ Herald] Questions are being raised to why Fonterra Co-operative Group, Synlait Milk and A2 Milk did not keep the market informed about the recently announced 1080 infant formula contamination threat. NZX listing rules require material information to be released to the market immediately. Synlait Milk General Counsel and Company Secretary, Quentin Lowcay...

A2 Milk shake-up as profits falls and ASX listing planned

[25 February/ Business Day] A2 Milk Company Chairman, Cliff Cook and director David Mair have resigned with further board changes expected to occur before its ASX listing. Deputy Chairman, David Hearn will become the new chairman with Julia Hoare as his deputy. Mr Cook believes Mr Hearn possesses the Fast Moving Consumer goods skills and...

A2 strengthens health claims with first human study

[11 August/ Business Day: NZ Farmer] A2 milk revealed the first human scientific study that indicates that those who consumed the A1 protein had a 61 percent higher bloating score and a 38 percent higher abdominal pain score, when compared with A2. Curtin University associate professor, Sebely Pal said that A2 protein did not release...