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