A2 reported jump in H1 sales last week

A2 reported jump in H1 sales last week

New Zealand dairy group A2 Corp. has appointed Craig Louttit as its new CFO.

A2 said Louttit, who has worked for companies including Australian engineering and property firm UGL and Deloitte, will take the role next month.

He replaces Sarah Kolkman, who is returning to Europe for family reasons, A2 said.

Last week, A2 reported higher half-year net income, although investments weighed on its EBITDA. Sales climbed 22%, with growing market share in Australia and improved sales trends in the UK.

A2 makes milk from cows that produce the A2 beta casein protein rather than A1. The product is targeted at lactose-intolerant consumers.