Infant formula growth spurred $43m capital raising, says A2 CEO
A2 says its infant formula business is growing faster than expected, which is why it needs more capital.
Jenny Ruth Thu, 08 Oct 2015
A2 Milk [NZX: ATM] chief executive Geoff Babidge says the company's $43 million capital raising was spurred by infant formula sales in Australia and China being ahead of budget.
“The main issue around the capital raising pertains to the performance, certainly for the first two months of full-year
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).