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![A2 Milk's share price dropped by more than 20 per cent this morning despite the alternative milk company reporting a 70 per cent cent increase in revenue for the nine months to March 31 (Stock photo \ Getty Images)](https://www.newstalkzb.co.nz/media/21104325/milk-getty.jpg?rmode=crop&v=1d745d7f5ac1660&height=395&quality=95&scale=both)
A2 Milk has upped its first-half net profit by 7.6 percent - overtaking expectations - and announced its first dividend of 8.5 cents a share.
Its infant milk formula (IMF) sales grew by 7.2 percent, led by its English label, which was up 13 percent, while China label sales were 2 percent higher.
Harbour Asset Management's Shane Solly unpacked the factors behind this change.
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