The a2 Milk Company has upped its annual sales guidance after posting solid first half revenue and earnings growth, and assuring shareholders that key infant formula market China is showing signs of stabilising.
Its ASX-traded shares rocketed to a 10-month high, advancing more than 11 per cent to $5.64 on Monday.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
