The a2 Milk Company has reported total revenue of $155 million for the year to June 30, an increase of 40 per cent on last year.
The company posted a loss of $2 million after accounting for the costs of its recent ASX listing and employee share scheme.
A major growth driver for the company was a2 Platinum infant formula in Australia, New Zealand and China, the sales of which were more than quadruple those in the previous year.
In Australia, sales of liquid milk increased by 10 per cent.
The company’s managing director, Geoffrey Babidge said: “The company's growth initiatives continue to progress in a very positive manner and the results of this are now evident in the FY15 trading result.
“The Australian business continued to perform very strongly and returned a record result for the region. The growth in a2 Platinum infant formula in ANZ and China was exceptional and provides a potentially significant earnings contributor for the future.
“We were also pleased with the commencement of sales activities in the USA milk market and repositioning our product offering in the UK market.”
The company is forecasting revenue of $267m in the 2016 financial year, an increase of 72 per cent from 2015.
