New Zealand's a2 Milk profit halves on China demand slowdown

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

New Zealand's a2 Milk said on Monday its half-yearly profit fell 53.3per cent as it continued to lose market share in China for its infant milk formula product. The dairy producer, suggested to be a takeover target of Canadian dairy firm Saputo Inc by a media report https://www.theaustralian.com.au/busine

New Zealand's a2 Milk said on Monday its half-yearly profit fell 53.3per cent as it continued to lose market share in China for its infant milk formula product.

The dairy producer, suggested to be a takeover target of Canadian dairy firm Saputo Inc by a media report https://www.theaustralian.com.au/business/dataroom/a2-milk-jalna-dairy-foods-in-spotlight-as-saputo-goes-shopping/news-story/83a1679faca82f77bc3da33c5abe7625, posted first-half net profit after tax of NZ$56.1 million , down from NZ$120 million a year ago.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Zealand end long drought, thrash South Africa in first testWELLINGTON : New Zealand completed a one-sided demolition of a pitiful South Africa, winning the first test by an innings and 276 runs before lunch on day three day on Saturday.Tim Southee took five wickets as New Zealand bowled out South Africa for 111 in their second innings, a paltry total that was act
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Ruthless New Zealand romp home in seven sessions against S AfricaWELLINGTON :New Zealand put themselves in prime position for a first test series win against South Africa after steamrolling the Proteas in seven sessions to win the opening match by an innings and 276 runs on Saturday.The hosts claimed the last seven South Africa wickets in an extended morning session on day
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Nixon's China visit, 50 years on: 'New Chinese thinking, new ways of doing things and a new world'
Source: STForeignDesk - 🏆 4. / 71 Read more »

Hermes to open new leather goods factories in France to meet demand for Birkin bagsHermes is to open new factories in French towns to keep up with demand for its prized handbags.
Source: YahooSG - 🏆 3. / 71 Read more »

Singapore reports 15,283 new COVID-19 cases, 4 deathsSINGAPORE: Singapore reported 15,283 new COVID-19 cases as of noon on Sunday (Feb 20), comprising 15,071 local and 212 imported infections. There were four fatalities, taking the death toll from coronavirus complications to 945. There are 1,523 patients in hospital, according to the lat I don’t understand. I thought Singapore has the world’s highest vax rate, the world’s strongest mask mandate and unvaxed are not allowed into malls or restaurants? The meaning of '自己保重“ Waste time explaining all over again to some comments regarding vaccinations ... They odd to read more on vaccinations .
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

15,283 new Covid-19 cases in Singapore, with 1,523 patients hospitalisedNumbers is fudged. Many mild cases and no symptom not reported. I don’t understand. I thought Singapore has the world’s highest vax rate, the world’s strongest mask mandate and unvaxed are not allowed into malls or restaurants? Can someone explain this to me? When is the end game?
Source: straits_times - 🏆 5. / 69 Read more »