Cant say they dont deliver on their revised upward forecasts....
https://www.nzx.com/companies/ATM/announcements/287749
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Cant say they dont deliver on their revised upward forecasts....
https://www.nzx.com/companies/ATM/announcements/287749
This holder v happy.
Highlights of financial results for the year ended 30 June 2016 (in NZ$)
• Total revenue of $352.8 million – an increase of 127.4% over the prior corresponding period (pcp)
• Net profit after tax of $30.4 million, compared with a net loss after tax of $2.1 million in the pcp
• Group Operating EBITDA of $54.6 million, up from $4.8 million on the pcp
• Group Operating EBITDA as a percentage of sales, before investment in international growth, of 22.4%
• Exceptional growth in sales of a2 PlatinumŽ infant formula in Australia & New Zealand (ANZ) and China, with total revenue of $214.4 million, up 414% on pcp
• Continued growth of fresh milk in Australia, with total revenue up 4%
• An improved financial performance in the United Kingdom, and further progress in repositioning the Company as a specialty milk supplier
• Investment to support the a2 Milk™ launch programme in the United States
BOOM! :t_up:
Look at those earnings! $95m in earnings in NZ/Aus/China from $296m revenue! What a cash generator! If they cut their losses from the other markets, they would likely achieve $100m+ in earnings next year alone. Continual increased investment in the UK/USA markets understandably has an even greater long term pay off.
Great result.
Amazing result. Cannot believe that I could buy shares last year at 50c.