A2 Milk profit leaps nearly seven-fold, directors receive big pay increase
The directors got their $350,000 increase in fees at the meeting but nearly 29% of proxies opposed the move.
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A2 Milk shares jumped more than 8% after the company told Tuesday's annual shareholders' meeting sales in the first four months of the financial year almost doubled and that net profit is up nearly seven-fold.
A2 shares rose as high as $2.24 after the meeting from $2.07 on Monday before ending
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Jenny Ruth
Wed, 23 Nov 2016
Wed, 23 Nov 2016
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A2 Milk profit leaps nearly seven-fold, directors receive big pay increase
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