Blackmores Posts Strong Result With Direct China Channels Beginning to Grow; No Change to FVE
Blackmores reported better-than-expected fiscal 2016 net profit after tax of AUD 100 million, up 115% on the prior period, on group sales of AUD 717.2 million, up 52.1%. The firm declared a final dividend of AUD 2.10 per share, bringing the total dividend for the year to AUD 4.10 per share, fully franked, up 102% on the prior period. This represents a payout ratio of 71%. Once again this year, the key growth driver was the continuing strong demand for its traditional product lines from inbound C...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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