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

A2 Milk

17/02/2025 24:56

(Updates moves and adds ASX-listed shares)
    ** Shares of a2 Milk Company  ATM.NZ  rise as much as 17.6%
to NZ$7.740, their highest levels since August 16, 2024
    ** ASX-listed shares of the company jump 17.3% to A$6.980
    ** The dairy giant declares its first interim dividend of
8.5 NZ cents apiece 
    ** Upgrades FY revenue growth forecast to low- to mid
double-digit percentage from prior forecast of mid- to
high-single digit
    ** Co 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 is top gainer on NZX 50 benchmark index  .NZ50  
    ** NZ stock up ~20% 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;))