a2 Milk Profit Collapses 44% as China Supply Chain Rupture Overwhelms Topline Growth
New Zealand infant formula group's FY earnings slump on China distribution disruptions, sending shares sharply lower and reframing the ANZ consumer-staples China exposure debate.
a2 Milk reported a 44% slide in full-year profit as supply disruptions in its critical China channel undercut margins, triggering a steep single-day selloff. The result reasserts China execution risk as the dominant variable for Australasian branded consumer exporters.
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