Displaying items by tag: A2 Milk Company

Listed New Zealand company the a2 Milk Company - once a darling of the stock exchange - is the subject of takeover rumours.

OPINION: In recent years Fonterra has been ridiculed by commentators about the fact that it has been upstaged by a young dairy company, a2 Milk.

Canterbury milk processor Synlait has downgraded its earnings forecast.

Milk company A2 has announced a net profit of $386 million, a 34% increase over the previous financial year.

Independent milk processor Synlait says Covid-19 has so far had no impact on its financial performance, however the processor remains greatly concerned.

The a2 Milk Company and Fonterra are working closely through “the next wave of commercial opportunities together”. 

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.

A2 milk producer a2 Milk Company (a2MC) has nearly doubled its stake in Canterbury processor Synlait Milk.

a2 Milk Co has struck a deal with Fonterra that will enable it, over time, to diversify its milk sourcing, processing and manufacturing to meet growing demand for its products, the company says.

A2 Milk's after-tax profit of $90.6 million is 198% ahead of last year on surging Chinese demand.