Bellamy’s sees record high revenue and earnings

Company News

by Jessica Amir

Baby formula business, Bellamy’s Australia (ASX:BAL) financial results galloped ahead in six months to December, with its net profit after income tax jumping 210 per cent to $22.4 million, when compared to the same time last year.

The stronger results came on back stronger sales in all channels including formula, food. It also doubled its marketing investment compared to the second half of second half of 2017.

In more good news, its revenue strengthened, climbing 48 per cent to $174.9 million.

But it is also important to note that after it purchased Camperdown for $32.1 million it was impacted by a suspension and delays in CFDA registration. As a result second half revenue will be lower than the first half.

Its earnings before interest and tax (EBIT) increased 224 per cent, to $32.7 million.

It didn’t pay a dividend in the period.

Bellamy’s Australia shares closed about 10.31 per cent higher yesterday at $15.84
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She was a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked as a financial planner and real estate agent.