Bellamy’s Australia
(ASX:BAL) has reported a 102 per cent dive into negative result territory with a net loss after tax of $809 million in the 2017 financial year.
The organic baby food producer was hit by a $41.4 million impairment from its Chinese operations.
Meantime its revenue marginally improved over the 2017 financial year, lifting 2.6 per cent on FY16 to $240.2 million.
Its earnings before interest and tax (EBIT) tumbled 99 per cent on the prior year, to $593,000.
The company did not declare a dividend for 2017.
Shares in Bellamy’s Australia
(ASX:BAL) are trading 2.63 per cent higher to $8.58.
