Healthy Asian Sales Offset Weakness in Blackmores' Domestic Market
While not comparable to the explosive growth witnessed in fiscal 2016, narrow-moat Blackmores did nonetheless deliver a reasonably good first-half result overall, that met our expectations. This was largely driven by impressive sales growth in China, and the broader Asian region, along with double-digit growth in the higher-margin Bioceuticals range in the Australian market. With NPAT of AUD 34 million on group revenue of AUD 351.9 million, up 20% and 9.2%, respectively, and Australian sales typ...
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