NT News

TAKING A RISK

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TRANS-TASMAN dairy company A2 remains committed to China despite a collapse in profit, saying while the country is its “biggest risk”, it is also the company’s “biggest opportunit­y”.

Demand for A2’s infant formula has slumped within China, with no sign of a recovery until at least 2023.

A2’s full year net profit slumped 80 per cent to $NZ80.7m ($77.4m). Its shares tumbled 11.8 per cent to $6.05.

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