A2 Milk shares plunged nearly 19 percent on the market on Aug. 19 amid a challenging outlook in China.
The infant formula company reported a net profit after tax of NZ$167.6 million (US$101.7 million) in the 2024 financial year, up 7.7 percent.
A2 Milk Shares Plunge Amid Challenging China Market
Despite this, A2 Milk recorded a strong result with a 7.7 percent boost in net profit after tax.
A2 milk on a supermarket shelf in Singapore on April 16, 2018. Thomas White/Reuters
Monica O’Shea
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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]
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