21 Feb 2012

A2 Corporation profit tops $3m

1:33 pm on 21 February 2012

Specialty milk company A2 Corporation has more than tripled its half-year profit as it boosted sales in Australia.

The listed firm made $3.1 million in the final six months of 2011 compared with $894,000 in the same period in 2010.

Revenue rose by 56% to $30 million.

Chairman Cliff Cook estimates sales of A2 products now account for 4.7% of the Australian fresh milk market, which he says is pleasing given the continuing price discounting of fresh milk across the Tasman.