Analysts Briefing
Sydney, Aug 29, 2017 AEST (ABN Newswire) - Blackmores Limited (
ASX:BKL) (BLMMF:OTCMKTS) Analysts Briefing - A REBALANCING YEAR FOR BLACKMORES
- A challenging first quarter and turbulent year, and the Group emerged stronger
o Group Sales of $693m, down 3% on prior year
o Group NPAT of $58m, down 42% on prior year
- Australian retail market has been competitive, putting pressure on profit
- Consumer demand remains strong though retail environment is volatile
- Realigned cost structure to manage expenses and reinvesting savings into growth initiatives
- Appropriate provisions in place for inventory secured during 2016 supply constraints and for infant formula
- Final dividend
To the briefing, please visit:
http://abnnewswire.net/lnk/1T9BP065
About Blackmores Limited
Blackmores Limited (ASX:BKL) (OTCMKTS:BLMMF) is Australia's leading natural health brand. Its quality range of vitamin, minerals, herbal and nutritional supplements, and continued support of the community and environment, are among the many reasons Blackmores is the most trusted name in natural health.
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