Tuesday, 28 August 2018 11:55

A2 powers on

Written by  Pam Tipa
The A2 Milk Co has more than doubled its profit. The A2 Milk Co has more than doubled its profit.

The A2 Milk Co more than doubled its profit to $195.7 million in the year to June 30 – over 116% ahead of the previous financial year.

The total revenue was $922.7m, a 68% increase on last year and earnings before tax were $238m, up 101% on last year.

a2 Platinum infant formula sales revenue was $724.2m, an increase of 84% on the previous year. 

The company reported that sales of a2 Platinum infant formula again grew substantially in Australia and China, with continued growth in market share. The ANZ market share grew from 26% to 32% by value.  

a2 Platinum remains the fastest growing infant formula brand by value in Australia, the company says.

Consumption market share by value grew to 5.1% in China.

Distribution has grown to 10,000 stores in China and 6000 stores in the US.

The company continued raising its brand awareness, expanding distribution in priority markets and adapting to new regulations in China.

Managing director and chief executive Jayne Hrdlicka says full year 2018 has been a year of change.

More like this

a2 Milk Co only scratching the surface

This year was pivotal in the “transformative dynamic” of a2 Milk Company and it had “really only just scratched the surface” of its potential as a business, chief executive Jayne Hrdlicka says.

Fonterra, a2 Milk tie-up

A2 milk market leader a2 Milk Company (a2MC) is eyeing a joint infant formula production facility with Fonterra in New Zealand.

How long will A2 premiums last?

Federated Farmers national dairy chair Chris Lewis says he is looking into transitioning to an A2 herd but he questions whether the premium will stick if everyone switches.

Demand for A2 dairy sires

Farmer demand for A2 dairy bulls for the upcoming mating season is at record levels, says the marketing arm of World Wide Sires NZ.

» The RNG Weather Report


Vaccinations protect people, animals

As we struggle to fathom how we ended up in the throes of a measles outbreak again, we’re reminded of the importance of vaccinations to protect us from life-threatening diseases.


» The RNG Weather Report

» Latest Print Issues Online

Milking It

Lack of interest

The final list of candidates for Fonterra’s board election is out. Surprisingly only one candidate came through the farmer nominated…

DairyNZ poll

Talking about elections, the DairyNZ board election is shaping up to be a much more exciting affair.


» Connect with Dairy News