A2 Milk has upped its first-half net profit by 7.6 percent - overtaking expectations - and announced its first dividend of 8.5 cents a share.

Its infant milk formula (IMF) sales grew by 7.2 percent, led by its English label, which was up 13 percent, while China label sales were 2 percent higher.

Harbour Asset Management's Shane Solly unpacked the factors behind this change.

LISTEN ABOVE

A2 Milk has upped its first-half net profit by 7.6 percent - overtaking expectations - and announced its first dividend of 8.5 cents a share.
Its infant milk formula (IMF) sales grew by 7.2 percent, led by its English label, which was up 13 percent, while China label sales were 2 percent higher.
Harbour Asset Management's Shane Solly unpacked the factors behind this change.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Shane Solly: Harbour Asset Management spokesperson on A2 Milk's share price surging

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7d850c3a-15e3-4e4c-9b88-b28700776bf4/transcript