$100M Blackmores net profit - up 115%

$100M Blackmores net profit – up 115%

August 24, 2016

BLACKMORES this morning announced its financial results for the year to 30 Jun, with net profit after tax of just over $100 million. The company’s revenue was $717 million, up 52%, with a final dividend of $2.10 per share bringing the full year payout to $4.10 fully franked. CEO Christine Holgate said growing consumer demand had seen Blackmores realise further operational benefits, doubling capacity over the year and extending quality standards further into the supply chain. The “heartland” Australian business delivered $495m in revenue, reflecting strong growth from domestic consumers and sales to Chinese tourists and exporters. Holgate said Blackmores was well positioned to deal with industry trends including the growing Asian middle class and volatility in the Australian wholesale market.

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Pharmacy Daily | $100M Blackmores net profit – up 115%

$100M Blackmores net profit – up 115%

Other recent headlines

Peters wins top fellowship

Botanix listed on All Ords

3D films target tumours

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES