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A2 Milk half-year profits rise 290 percent
February 14, 2017 / 7:58 PM / 10 months ago

A2 Milk half-year profits rise 290 percent

WELLINGTON, Feb 15 (Reuters) - New Zealand’s A2 Milk Company Ltd said on Wednesday its half-year profit nearly quadrupled in the period to Dec. 31 compared with a year earlier, as baby formula sales in China jumped.

The milk and baby formula maker posted a net profit for the six months of NZ$39.4 million ($28.2 million), compared with NZ$10.1 million in the same period the previous year. ($1 = 1.3965 New Zealand dollars) (Reporting by Charlotte Greenfield; Editing by Hugh Lawson)

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