NZ shares down over two percent following international losses and disappointing revenue from A2 Milk Company
The New Zealand stock exchange is down more than two percent this morning - or 192 points - on the back of international losses and a disappointing revenue report from the A2 Milk Company
16 May 2018
© 2018 Newstalk ZB, NZCity
A2 expects full year revenue to rise as much as 67 per cent after a surge in the first nine months of the financial year.
Revenue for the 12 months to June 30 is expected to be between 900 million and 920 million dollars compared to just under 550 million in the previous year.
The rise was below market expectations and the company's stock had by mid morning dropped by 20 percent.