Blackmores revenue up 66%
February 25, 2016
LEADING natural health brand
Blackmores has announced that
its revenue for the half-year
ended Dec 31 2015 is up 65.5% to
$341.4m, with group profit after tax
up 159.5% to $48.3m (from $18.6m
in H2 2014).
Blackmores Australia sales
for the period were $237.6m,
up 73% compared to the prior
corresponding period with EBIT of
$63.6m.
The Board has declared an interim
dividend of 200 cents fully franked,
representing an increase of 194%
compared to the prior period.
The directors said that the strong
results were due to continued
sales growth across all segments,
operational leverage and a focus
on progressing the company’s
four strategic priorities: consumer
centricity, Asia growth, product
leadership and operational
effectiveness.
The Australian business was
bolstered by Chinese tourists
and entrepreneurs, the company
report said, as well as continued
innovation and marketing activity.
The launch of a Superfood range,
the opening of a flagship store,
educational programs and digital
marketing comprised the mix.
The Chinese arm of the company
is growing in importance to the
bottom line with sales in total to
Chinese consumers amounting to
around 40% of Group revenues,
said the report.
In Oct 2015, Blackmores
announced an equal partnership
with Bega Cheese Ltd (PD 30 Oct
15) to manufacture a range of
nutritional foods.
Blackmores Institute has also
grown in importance through the
Asian region with the increased
need for education of consumers
and healthcare providers.
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