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Australian Sharemarket News

A2 Milk Company Ltd (ASX: A2M)

In ASX sharemarket news, A2 Milk Company Ltd (ASX: A2M) has revealed its full year result for the 2019 financial year.

Total revenue increased by 41.4% to NZ$1.3 billion, EBITDA grew by 46.1% to NZ$413.6 million and net profit after tax (NPAT) went up by NZ$287.7 million.

The company increased its market share in all of its operating regions and increased the number of stores its products have been sold in the US by 118% to 13,100 stores.

However, A2 Milk decided to exit its UK liquid milk operations because management thought it would be better to concentrate on the US and China regions.

Corporate Travel Management Ltd (ASX: CTD)