Key facts
- New Zealand's a2 Milk reported a 44% fall in full-year profit.
- Net profit attributable for the year was NZ$113.6 million.
- This figure missed the Visible Alpha consensus estimate of NZ$121 million.
- Underlying full-year profit was NZ$235.8 million, a 7% increase year-over-year.
New Zealand's a2 Milk announced a 44% decrease in its full-year profit, falling short of analyst expectations. The company cited reduced revenue from its primary China-label infant milk formula product, attributing the decline to temporary supply chain disruptions that limited product availability.
For the year ended June 30, the dairy producer recorded a net profit attributable of NZ$113.6 million, a significant drop from NZ$202.9 million in the prior year. This result missed the Visible Alpha consensus estimate of NZ$121 million. However, on an underlying basis, a2 Milk reported a full-year profit of NZ$235.8 million, marking a 7% increase compared to the previous year.