Impressive results from Blackmores

Scott Power


Blackmores results are in, and it’s a huge jump in profit, up 160% to $48m. Despite the strong result, the shares were sold off slightly as the market was expecting the profit surge. The result couldn’t be faulted, with sales up 65%. Sales directly to China have been strong, now representing about 40% of sales. A key development recently has been the decision to enter the infant formula market in a joint venture with Bega, we expect this to start contributing in the next 12 months. The outlook for the company remains strong, but we maintain our neutral stance on the company due to the high price.

1 topic

1 stock mentioned

Scott Power
Scott Power
Senior Analyst

Senior Analyst at Morgans covering healthcare, life science, telecommunications, technology and media. I've spent the last twenty years investing in and researching emerging companies and have developed a wide network of contacts across these...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter