A2 Milk posted a 290% surge in interim earnings to NZD39.38m ( 62 per cent ) in a year earlier , from NZD10.1 m the previous year . Total sales from infant milk formula in the half reached $NZ184.5 million, compared with full-year sales of $NZ214.4 million in the year to June 2016. The company attributed rising profits to strong sales during China 's "singles day" sales and increased market share in Australia and China . However, the rate of growth partly reflects inventory shortages the company experienced a year earlier . A2's managing director added that China 's evolving regulatory environment could hurt the flow of product from the country.
A2 Milk posted a 290% surge in interim earnings to NZD39.38m ( 62 per cent ) in a year earlier , from NZD10.1m the previous year . The company attributed rising profits to strong sales during China 's "singles day" sales and increased market share in Australia and China . However, the rate of growth partly reflects inventory shortages the company experienced a year earlier . A2's managing director added that China 's evolving regulatory environment could hurt the flow of product from the country.