Bellamy’s Australia reports revenue growth

Company News

by Jessica Ellerm

Bellamy’s Australia Limited (ASX:BAL) has reported revenue growth of 24 percent for 1 July to 20 November, compared to the same period last year.

The growth in revenue has been attributed in part to a successful Singles Day result in China.

Bellamy’s has indicated some momentum has been affected by volume dislocation in China due to regulatory changeover.

The company is now expecting revenue for the first half FY17 to be in the order of $120 million, with a similar result expected in the second half.

Bellamy’s Australia Limited reported a net profit of $38.3 million at 30 June 2016.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.