A2 Milk Company Ltd (ASX: A2M) reported its result for the half year to 31 December 2017.
A2 Milk Company is the business behind the infant formula, milk and ice cream with the a2 brand.
Here are some of the highlights compared to last year, all of these numbers are in NZ Dollars:
- Revenue increased by 70% to $434.7 million
- Day to day trading, or EBITDA, increased by 123% to $143 million (What the heck is EBITDA?)
- Profit increased by 150% to $98.5 million
- Cash balance at the end of the period was $240.2 million
The company hinted at what it may do with the cash by stating in the CEO report ‘the Company is continuing to assess its medium-term manufacturing strategy for nutritional products, including the possible ownership, either in full or in partnership, of blending and canning assets as part of the supply solution.
Managing Director Geoffrey Babidge said “Our financial performance reflects the growing strength of our brand proposition, the successful execution of in-market growth strategies and the continued strong performance of our supply chain“.
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