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Bullish A2 Milk update sends shares higher

AAP logoAAP 21/12/2016

Milk supplier A2 Milk has sought to allay concerns about the strength of the infant formula market, issuing an update to say its continues to trade very strongly, with significant growth in its formula business.

The company's latest trading update follows heightened attention on rival infant formula maker Bellamy's, which on Wednesday asked for the suspension of its shares to be extended into 2017.

A2's update triggered a jump in the group's share price, with shares were up 10.5 cents, or 5.4 per cent, to $2.055 at 1246 AEDT in a higher Australian share market.

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