Key takeaway: A2 Milk’s cash balance topped $1b in December, and it expects to return more excess capital to shareholders.
Shares in A2 Milk gained as much as 15.5% in morning trading on heavy turnover after the infant formula marketer announced a strong half year result and a maiden dividend.
On a conference call with analysts, managing director David Bortolussi indicated a capital return could also be on the cards
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