Investing.com - Financial Markets Worldwide
📈 69% of S&P 500 stocks beating the index - a historic record! Pick the best ones with AI.See top stocks

BRIEF-a2 Milk updates on FY2016 guidance

Published 18/12/2015, 06:50 am
© Reuters. BRIEF-a2 Milk updates on FY2016 guidance

Dec 18 (Reuters) - a2 Milk Company Ltd ATM.NZ :

* Sees group operating EBITDA to NZ$22 million in the 2016 financial year

* group revenue was forecast to grow to NZ$285 million in the 2016 financial year

* Changing and dynamic nature of the infant formula markets in both Australia and China continues to make forecasting challenging"

* "infant formula market in Australia is rapidly evolving and experiencing significant growth"

* Expect sales of a2 Platinum(R) to be approximately NZ$68 million for the six months to 31 December 2015

* company is now forecasting group revenue in the range of NZ$300 million to NZ$315 million in FY2016

* Now sees group operating EBITDA in the range of NZ$33 million to NZ$37 million for the 2016 financial year

* Source text for Eikon ID:nNZW1lNgdc

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.