New Zealand's a2 Milk reported a 21% jump in its full-year profit on Monday helped by strong China demand, and announced the acquisition of a manufacturing facility to expand its share in China.
The infant milk formula maker reported full-year post-tax net profit attributable of NZ$202.9 million ($120.12 million), compared with last year's NZ$167.6 million and slightly ahead of the Visible Alpha consensus of NZ$202.2 million.
