a2 Milk Company Ltd (ASX:A2M) on Wednesday reported a first half profit of $98.5 million, a 150% increase over the same period a year earlier.
a2 Milk Company Ltd posted revenue of $434.7 million in the period. This was 70% higher than the same period last year.
The a2 Milk share price has taken off in Wednesday morning trade, jumping $2.00 or 22.96% to $10.71.
The a2 Milk Company Limited (a2MC) is engaged in the commercialisation of a2MC branded milk and related products as supported by the ownership of intellectual property that enables the identification of cattle for the production of A1 protein-free milk products.