Blackmores Offsets Domestic Slowdown With Asian Growth Spurt
Narrow-moat Blackmores exceeded our expectations for the full year with net profit after tax of AUD 69.2 million on group sales of AUD 746.7 million, up 19.3% and 7.8% year on year, respectively, compared with our forecasts of AUD 65.9 million and AUD 742.2 million. Growth continues to be driven by China and the broader Asian region, as well as its premium Bioceutical product range in the domestic Australian market. EBITDA margin of 14.8%, representing an expansion of around 115 basis points, wa...Blackmores is engaged in the development, sales and marketing of health products for humans and animals including vitamins and herbal and mineral nutritional supplements. As of June 30 2016, Co. operated in Australia, New Zealand and Asia.
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