Blackmores stocks dive as H1 profit falls
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…