Blackmores expecting first half profit growth

Sydney-based health products maker Blackmores expects profit growth after
strong sales for the six months to December 31.

AAP reports that the company’s sales for the first half were
$206 million, a 22% increase on the corresponding period last year.

As a result, the company has estimated a profit of about $18 million for the half. This would be an increase of about 50 per cent over last year’s figure of $12.1 million.

Blackmores manufactures and markets vitamin, mineral and
herbal supplements, as well as natural skin and hair treatment products in
Australia and New Zealand. It is also an independent distributor of market
products in South East Asia and the UK.

Image: Blackmores