ATM - A2 Milk Corporation Limited

[BC_Doc]

Cant say they dont deliver on their revised upward forecasts....

https://www.nzx.com/companies/ATM/announcements/287749

[Leftfield]

This holder v happy.

Highlights of financial results for the year ended 30 June 2016 (in NZ$)
• Total revenue of $352.8 million – an increase of 127.4% over the prior corresponding period (pcp)
• Net profit after tax of $30.4 million, compared with a net loss after tax of $2.1 million in the pcp
• Group Operating EBITDA of $54.6 million, up from $4.8 million on the pcp
• Group Operating EBITDA as a percentage of sales, before investment in international growth, of 22.4%
• Exceptional growth in sales of a2 Platinum® infant formula in Australia & New Zealand (ANZ) and China, with total revenue of $214.4 million, up 414% on pcp
• Continued growth of fresh milk in Australia, with total revenue up 4%
• An improved financial performance in the United Kingdom, and further progress in repositioning the Company as a specialty milk supplier
• Investment to support the a2 Milk™ launch programme in the United States

[Sideshow Bob]

BOOM!

[blobbles]

Look at those earnings! $95m in earnings in NZ/Aus/China from $296m revenue! What a cash generator! If they cut their losses from the other markets, they would likely achieve $100m+ in earnings next year alone. Continual increased investment in the UK/USA markets understandably has an even greater long term pay off.

Great result.

[silu]

Amazing result. Cannot believe that I could buy shares last year at 50c.

[blobbles]

Amazing result. Cannot believe that I could buy shares last year at 50c.

Which is why I bought a shed load!

[silu]

Which is why I bought a shed load!

Me too and I felt a bit bad selling some at $1.10 and $1.60 but then the shares I bought with the proceeds gave me +100% returns as well so I can't be too upset. #HumbleBrag

[Muppett]

Amazing result. Cannot believe that I could buy shares last year at 50c.

Really........ Revenue at the bottom end, EBITDA losses per segment and the rest as expected.
Overall not that good by any stretch of the imagination.

[longy]

Me too and I felt a bit bad selling some at $1.10 and $1.60 but then the shares I bought with the proceeds gave me +100% returns as well so I can't be too upset. #HumbleBrag

I could not believe what I am seeing.... SP drop 7% with earning like this????

[silu]

Really........ Revenue at the bottom end, EBITDA losses per segment and the rest as expected.
Overall not that good by any stretch of the imagination.

I'm a lifelong pessimist so I expected a worse result. All my shares are freehold now so anything that doesn't make the price collapes by 10-20% is fine by me.