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A2 Milk Reports 21 Percent Profit Boost, Plans to Ramp up China Growth

A2 Milk plans to acquire a manufacturing facility in New Zealand with 2 China-Label Infant Milk Formula approvals already in place
A2 Milk Reports 21 Percent Profit Boost, Plans to Ramp up China Growth
A2 milk is seen on a supermarket shelf in Singapore on April 16, 2018. Thomas White/Reuters
Monica O’Shea
|Updated:

Infant Milk Formula company A2 Milk has reported a 21 percent profit boost as it looks to increase sales in China with a new manufacturing plant.

The company’s share price has increased 8.4 percent since the close of business on Aug. 15 to $8.66 at the time of writing.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]