A2 Milk half-year profit drops 53%
Challenging market conditions in China drive higher costs.
NBR staff
Mon, 21 Feb 2022
Infant formula specialist A2 Milk has reported net profit down 53% for the half year to December as higher costs slashed margins.
In a statement, A2 said China’s infant formula market was rapidly changing and affected by a falling birth rate.
“Local competitors continue to gain market
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NBR staff
Mon, 21 Feb 2022
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