Enhanced fiscal year of 2016 guidance: The a2 Milk Company Ltd (ASX: A2M) had recently announced for issue of additional securities of about 350,000 ordinary shares. A2M also upgraded its financials and now expects the group’s revenue to be in the range of $350 million to $360 million while the group’s operating EBITDA is forecasted to be in the range of $52 million to $54 million for FY 16. This update from the group has revamped sentiments on infant formula makers’ performance in China. Moreover, A2M is positioning itself based the regulatory environment in China and adjusting its manufacturing and distribution model in response to such changes.
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