NZ's a2 Milk hits near 4-month low on weak forecast, China market woes
** Shares of a2 Milk ATM.NZ fall as much as 21.4% to NZ$6.080, their lowest level since April 22
** Infant formula maker flags challenging conditions in infant milk formula (IMF) market in China that could lead to a decline in market value
** Co forecasts weaker-than-expected annual revenue growth of mid single-digit increase in fiscal 2025
** Co posts net profit attributable NZ$167.6 mln ($101.45 mln) for FY24 higher than NZ$155.6 mln in prior year
** ASX-listed shares of a2 Milk A2M.AX fall as much as 23.8% to hit their lowest level since Feb. 16
** Stock up 68.0% YTD as of last close
($1 = 1.6521 New Zealand dollars)
Reporting by John Biju in Bengaluru
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