Record profit for Blackmores
August 18, 2011
BLACKMORES this morning
reported its ninth consecutive year
of record sales and profit, with a
$27.3 million net result after tax.
Total sales grew 9.1% to $234.4
million, reflecting particularly
strong growth from Asia which
contributed 19% of the profit.
CEO Christine Holgate said the
outcome was “an excellent result
considering subdued trading
conditions in Australia, the impact
of natural disasters and the
strength of our dollar”.
She said strong volume growth
had been handled because of
increased efficiencies from the
Warriewood facility, while yields
were also strong due to a focus on
strategic sourcing of ingredients.
During the year Blackmores
delivered 68 new products, with a
further 72 ‘renovated’ by launching
new pack sizes and changes to
formulations.
Holgate said that pharmacy
continued to be Blackmores’
biggest Australian sales channel,
with the sector “faced with broader
challenges over the year as well as
the general sluggishness of retail
sales”.
Despite this local sales were up
3% for the year, with a very strong
12% improvement in the last qtr.
The newly acquired Pure Animal
Wellbeing pet health business had
seen a 60% sales lift since
Blackmores took it over in Jul 2010.
The above article was sent to subscribers in Pharmacy Daily's issue from 18 Aug 11To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 18 Aug 11
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