After absorbing costs associated with the ASX listing and employee share scheme expenses (non-cash), both non-deductible for tax, the company made a net loss after tax of $2.091 million.
The company had a 35% increase in group operating EBITDA compared to the previous 12 month period at $4.810 million before non-recurring costs.
The company said in its release that the result reflects record operating performance in Australia and New Zealand (ANZ), complemented by investments in growth markets in the rest of the world and corporate costs to support the growth strategy. Sales of a2 Platinum® infant formula across ANZ and China saw substantial growth over the period with total revenue up 445% to $41.671m.
As a result of an increase in a2's liquid milk market share in Australia fresh milk sales were up 10% in AUD over the previous period.
The company added that international business growth continued with the launch of the a2 Milk™ brand in the USA and successful repositioning into the specialty milk segment in the UK.
