2312 GMT - A2 Milk's latest trading snapshot was better than Morgans had feared. Analyst Belinda Moore attributed most of the beat to A2 Milk's own guidance to a better performance by its loss-making Mataura Valley Milk facility on New Zealand's South Island. "However pleasingly, English label infant formula sales and liquid milk sales have been slightly stronger than expected," Morgans says. Also, A2 Milk has implemented a new dividend policy earlier than Morgans expected. The bank raises its FY 2025 revenue growth forecast to 8.0%, from 6.0%. "This has resulted in our FY 2025 Ebitda forecast rising 1.9%," it adds. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 25, 2024 18:12 ET (23:12 GMT)
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