The S&P/ASX 200 Index (ASX: XJO) rose by around 0.8% today to 6,834 points.
Reporting season is nearly over, but there has been a flurry of results today.
Here are some of the highlights:
The A2 Milk share price dropped 16% today after reporting its FY21 half-year result.
The ASX 200 company revealed that its total revenue was down 16% to NZ$677.4 million and the earnings before interest, tax, depreciation and amortisation (EBITDA) declined 32.2% to NZ$178.5 million. The EBITDA margin dropped to 26.4%.
A2 Milk said that the daigou channel continues to see COVID-19 disruptions, which is causing a flow-on impact to the cross-border e-commerce channel (CBEC). It is taking steps to reactivate these channels.
Infant nutrition revenue…