Bellamy's Australia first-half profit falls on China woes


Feb 27 (Reuters) – Infant formula supplier Bellamy’s Australia Ltd on Wednesday posted a 63.7 percent plunge in its net profit for the half year, on regulatory delays in its key market China and cooling sales in Australia.

Net profit after income tax for the six months ended Dec. 31 came in at A$8.1 million ($5.82 million) down from A$22.4 million a year ago, company said. ($1 = 1.3910 Australian dollars) (Reporting by Shanima A in Bengaluru; editing by Jonathan Oatis)



READ SOURCE

READ  John Lewis to scrap 'never knowingly undersold' pledge after nearly 100 years

LEAVE A REPLY

Please enter your comment!
Please enter your name here