Increased investment in brand and market development resulted in rapid growth of infant formula and the expansion of the liquid milk business in each of the company's established markets. China a2 Milk reported net profit of $ $922.7 m for the fiscal year ended 30 June , up 116% from the year before , with the growth attributed mostly to the increase in baby formula sales in China and Australia . Revenue for the same period increased 32% to $922.7 m with infant formula market share rising 5.1% in China and 32% in Australia , and physical distribution growing to 6,000 stores in China and approximately 10,000 stores in the US . The company's increased investment into branding and marketing led to the rapid growth of the formula business and expansion of the liquid milk business.
China a2 Milk reported net profit of $ $922.7 m for the fiscal year ended 30 June , up 116% from the year before , with the growth attributed mostly to the increase in baby formula sales in China and Australia . Revenue for the same period increased 32% to $922.7 m with infant formula market share rising 5.1% in China and 32% in Australia , and physical distribution growing to 6,000 stores in China and approximately 10,000 stores in the US . The company's increased investment into branding and marketing led to the rapid growth of the formula business and expansion of the liquid milk business.