A2 Milk says full-year revenue to jump 63 per cent

New Zealand dairy company A2 Milk said on Wednesday it expected full-year revenues to rise more than 63 per cent after a surge in the first nine months of the financial year.

Revenue for the 12 months to June 30 is expected to be between $NZ900 million and $NZ920 million ($827 million to $845 million) compared to $NZ549.5 million the previous year, the company said in a statement to the stock exchange.

A2 Milk said revenue for the nine months ended March 31 was $NZ660 million, up about 70 percent from last year on the back of strong sales growth in its nutritional products and liquid milk.

The sales growth also reflects the impact of seasonal sales from China selling events, weighted towards the first half of the financial year, the company said.

In February, a2 Milk booked record half-year profit on surging demand for its infant formula in China, as revenue from direct sales in China more than tripled.