Blackmores profit down due to a decline in sales

Company News

by Rachael Jones

Health supplement company Blackmores (ASX:BKL) reports their NPAT is $53 million, down 24 per cent on the prior year.

The full year result of $610 million in revenue, up 1 per cent on the prior year.

During the year, Blackmores achieved domestic sales growth in all markets except New Zealand, which was down 1 per cent on the prior year.

The company remains the number one vitamin and dietary supplement (VDS) brand in Australia with 15.9 per cent domestic market share.

Final dividend of 70 cents per share cents per shares, bringing total ordinary dividends for the year to 220 cents per share fully franked.

Shares in Blackmores (ASX:BKL) closed 4.21 per cent higher at $83.26 yesterday.
 

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.