New Zealand's a2 Milk soars on first dividend, forecast upgrade

A2 Milk

16/02/2025 22:12

** Shares of a2 Milk Company  ATM.NZ  rise as much as 14.1%
to NZ$7.510, their highest since August 16, 2024
    ** Dairy giant declares interim dividend of 8.5 NZ cents per
share, its first
    ** Upgrades FY revenue growth forecast to low-to-mid
double-digit percentage from prior forecast of mid-to-high
single digit
    ** Reports half-year net profit after tax (NPAT) of NZ$91.7
million ($52.41 million), beating Visible Alpha consensus
estimate of NZ$83 million
    ** Stock top gainer on benchmark index  .NZ50  
    ** Stock up ~19% YTD, including current session's moves


($1 = 1.7498 New Zealand dollars)

 (Reporting by Manasi Dasa Sundeep in Bengaluru; Editing by Lisa
Shumaker)
 ((Manasi.DasaSundeep@thomsonreuters.com;))