NZ's a2 Milk says China IMF-label issues largely resolved, flags lower product annual sales
06/07/2026 22:05
NZ's a2 Milk says China IMF-label issues largely resolved, flags lower product annual sales July 7 (Reuters) - New Zealand's a2 Milk ATM.NZ on Tuesday said that certain factors contributing to the availability of its key Chinese-label infant milk formula (IMF) product are substantially resolved, but have contributed to an around 14% decline in annual sales for the product.
However, the dairy producer added it now expects net profit after tax for fiscal 2026 to be slightly higher than last year's NZ$202.9 million ($115.63 million), compared with its earlier outlook of similar or lower earnings.
($1 = 1.7547 New Zealand dollars)
(Reporting by Nikita Maria Jino in Bengaluru; Editing by Maju Samuel)
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