Bellamy’s Australia triples full year profit

 In Australia, NewZealand
Organic infant formula maker Bellamy’s Australia has more than tripled its full year profit to $38.3 million.


Bellamy’s record high revenue of $244.6 million is the equivalent of selling 8.4 million tins of infant formula. Sales in Australia were equivalent to 6 million tins of formula, in a country where just 300,000 babies are born annually.


The company’s revenue for the 12 months to June 30 climbed 95 per cent as sales from China and Hong Kong surged 331 per cent to $62.1 million. Australian sales rose 67 per cent to $178.6 million. Sydney Morning Herald – Read more…

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