Blackmores’ group growth
April 20, 2012
BLACKMORES has clocked an
8.4% year-on-year growth rate for
group sales to $184 million for the
nine month period ending 31 March.
During this same period the
company saw its net profit drop
marginally to $20 million, whilst its
Asian sales were up 19% (year to
date).
The company also enjoyed strong
growth of 8.4% in its Australian
sales, a figure which Blackmores
said was “encouraging considering
the depth of competitor activity
and concerns about customer
confidence”.
“We have continued to invest by
extending our offering in existing
markets and exploring new market
opportunities,” the company said.
“This is part of our strategy to
build our brand and to diversify our
business,” the company added.
Looking forward, Blackmores said
it has progressed plans to launch in
China, beginning in the fourth
quarter, adding that it will launch in
a combination of sales channels
and that it is “very excited about
this new chapter in the Blackmores
story”.
“Directors are encouraged by
upcoming growth opportunities
including new product launches
and our continued success in Asia
however we are mindful of the
changing retail dynamics in
Australia,” the company said.
“We are on track to deliver a level
of profit in line with that achieved
last year,” the company added.
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