Swisse #1 China sales

April 1, 2016

AUSTRALIAN vitamins group Swisse Wellness has declared a $49m profit for its first three months under the ownership of Biostime International, propelling the brand to pole position in healthcare on the two large Chinese online sites of Tmall and Taobao according to Fairfax media. The results are now being made public for the first time as a result of being part of Hong Kong stock exchange listed company Biostime. For the three months to end Dec 2015 Swisse contributed revenue of 838.1 million yuan or approximately AU$169m. If that result was extrapolated to a full year’s business it would challenge the result of ASX-listed Blackmores, stated for the six months ended Dec 2015 as $342m, up 66% with net profit tripled to $48.3m (PD 25 Feb).

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Pharmacy Daily | Swisse #1 China sales

Swisse #1 China sales

Other recent headlines

PD breaking news – Pharmacists to administer NIP vaccinations in aged care

PD breaking news – Top Western Australian talent honoured

Legal action for Montu

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES