Blackmores report sales growth in China

Company News

by Rachael Jones

Natural health company Blackmores (ASX:BKL) has seen a 7 per cent rise in first quarter net profit after tax climbed to $16.5 million.

Revenue for the quarter is up 15 per cent to $154 million compared to prior corresponding period.

For the year in review, China sales were up 22 per cent to $143 million - the company expects to see continued growth in Asia.

Australia retained clear brand leadership and celebrated 10th year as most trusted brand in Australia with a 17.5 per cent market share.

Shares in Blackmores (ASX:BKL) trading 1.5 per cent lower at $124.44.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.