Blackmores Limited (ASX:BKL) on Thursday reported first half net profit after tax of $34 million, a 20% increase over the same period a year earlier.
Blackmores Limited posted net sales of $287 million in the period. This was 9% higher than the same period last year. The company announced a fully franked interim dividend of 150 cents per share, up 15% from last year.
The Blackmores Limited share price has slumped $26.00 or 16.30% lower in Thursday morning trade.
Blackmores is one of Australia’s leading natural health companies. Its quality range of vitamin, minerals, herbal and nutritional supplements, and continued support of the community and environment, are among the many reasons Blackmores says it is one of the most trusted names in natural health.
“We’ve had two quarters of consistent sales growth and improved our profitability reflecting the delivery of our strategic priorities and greater stability in the business,” said Mr Richard Henfrey, Blackmores Chief Executive Officer.
Outlook
“The first half performance gives Blackmores a strong foundation for the full year. We have delivered an improved sales and profit result whilst investing in growth initiatives,” said Richard Henfrey.
“We’re particularly encouraged by the progress of our businesses in China and Indonesia. Supply issues affecting the Group and the soft Australian retail market will impact us in the second half, though we remain confident we will continue to deliver good profit growth for the full year.”
The Blackmores Limited share price has lost 21% since the beginning of the year, while the S&P/ASX 200 Index has fallen roughly 1.55%. The Blackmores share price has surged 27.7% in the last 12 months.
