Join our daily newsletter At The Bell to receive exclusive market insights
- Keytone Dairy Corporation (KTD) has seen its sales to Walmart China triple over five months, compared to the same period last year
- Significantly higher sales for the manufacture of whole and skim milk powder saw Keytone receive NZ$3.3 million (around A$3.06 million) in sales and forward orders recorded for the five months to May 2021
- The company also received a purchase order of NZ$1.4 million (around A$1.3 million) for Sam’s Club China products to be delivered through the third quarter of the year, resulting in an overall profit of NZ$4.7 million (roughly A$4.36 million)
- The products will continue to be manufactured in Keytone’s New Zealand facilities, while they fill the further substantial purchase order already received
- Keytone Dairy last traded at 13 cents on May 21
Keytone Dairy Corporation (KTD) has seen sales to Walmart China triple over five months, compared to the same period last year.
Keytone Dairy manufactures and exports formulated dairy and health and wellness products.
Significantly higher sales for the manufacture of whole and skim milk powder for Sam’s Club West in CY21 for Walmart China saw Keytone receive NZ$3.3 million (around A$3.06 million) in sales and forward orders recorded for the five months to May 2021.
Additionally, the company received a purchase order of NZ$1.4 million (around A$1.3 million) for Sam’s Club China products to be delivered through the third quarter of the year, resulting in an overall profit of NZ$4.7 million (roughly A$4.36 million).
“The strong growth is testament to the efficiency and quality of our facilities and team in New Zealand,” said Keytone’s CEO Danny Rotman.
“We are continually seeking new business opportunities with our existing clients, forging new relationships with others and will update the market with new material contract wins and forward orders as they come to hand.”
The products will continue to be manufactured in Keytone’s New Zealand facilities, while they fill the further substantial purchase order already received.
Keytone Dairy last traded at 13 cents on May 21.
