Blackmores strong results
February 23, 2012
manufacturer Blackmores today
released its results for the six
months to 31 Dec, with group sales
up 9% and overall net profit after
tax amounting to $14.25 million.
Australian sales grew by 4.5% to
$98.5 million - much more slowly
than its burgeoning operations in
Asia where sales increased 28%.
“Our Asian sales continue to
improve as Blackmores’ strategy of
investment, broadening our base
and pushing into new markets pays
off,” said CEO Christine Holgate.
She said the result was
particularly pleasing given the
challenging retail environment in
Australia as well as the flooding in
Thailand last year.
Thailand is Blackmores’ second
biggest market, Holgate added.
She said Blackmores is focused on
investing in opportunities to deliver
future growth, including a new
range of weight management
supplements and the group’s
growing animal health business.
She also flagged the development
of an online personalised health
program, and highlighted the
recent roll-out of “innovative new
merchandising units to improve our
in-store presence in many
community pharmacies”.
The above article was sent to subscribers in Pharmacy Daily's issue from 23 Feb 12To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 23 Feb 12
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