(Reuters) -New Zealand’s a2 Milk Co reported a 21.1% rise in its full-year profit on Monday, driven by strong performance of its infant milk formula in its top market China.
The infant formula maker’s net profit after tax attributable came in at NZ$202.9 million ($120.12 million) for the year ended June 30, up from NZ$167.6 million a year ago. That beat the Visible Alpha consensus of NZ$202.2 million.
($1 = 1.6892 New Zealand dollars)
(Reporting by Sneha Kumar and Kumar Tanishk in Bengaluru; Editing by Chris Reese)