Blackmores stocks dive as H1 profit falls

 In Australia, NewZealand

A weak Australian retail market has dampened vitamin maker Blackmores’ first half profit result, as increased costs offset a boost in sales.
The company lifted sales across Australia, Asia and New Zealand by 29 per cent rise to $164.3 million.
However, its net profit fell 4.8 per cent to $13.6 million in the half year to December 31.  Sydney Morning Herald – Read more…

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