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.
