Suitors line up
OPINION: As Fonterra's divestment of its Oceania and global consumer businesses progresses, clear contenders are emerging.
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.
'Common sense' cuts to government red tape will make it easier for New Zealand to deliver safe food to more markets.
Balclutha farmer Renae Martin remembers the moment she fell in love with cows.
Academic freedom is a privilege and it's put at risk when people abuse it.
All eyes are on milk production in New Zealand and its impact on global dairy prices in the coming months.
Claims that some Southland farmers were invoiced up to $4000 for winter grazing compliance checks despite not breaching rules are being rejected by Environment Southland.
According to the most recent Rabobank Rural Confidence Survey, farmer confidence has inched higher, reaching its second highest reading in the last decade.
OPINION: The war of words between Southland farmers and Environment Southland over winter grazing inspections reflects a deep lack of trust…
OPINION: Milking It understands a formal disciplinary process is being conducted by Victoria University of Wellington on what one of…