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Reuters
Reuters
Business

New Zealand's a2 Milk logs 58.5 percent rise in fourth-month core earnings

FILE PHOTO: A2 milk is seen on a supermarket shelf in Singapore April 16, 2018. Picture taken April 16, 2018. REUTERS/Thomas White

(Reuters) - New Zealand's a2 Milk Co Ltd <ATM.NZ> booked a 58.5 percent rise in core earnings for the first four months of fiscal 2019 thanks to continued demand for its products in the United States and China.

Earnings before interest, tax, depreciation and amortization came in at NZ$124.2 Million ($84.9 million) in the first four months to October, while Revenue rose 40.5 percent to NZ$368.4 million, the company said.

The company also said it expects full-year revenue growth to continue but at a slightly moderate rate.

(Reporting by Chandini Monnappa in Bengaluru; editing by David Evans)

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