Blackmores announces strong first half
Dietary supplement manufacturer Blackmores Ltd (Blackmores) has announced a strong close to Group sales of $206 million for the first half ended 31 December 2014, an increase of 22 per cent compared to the previous corresponding period.
Australian Food News reported in June 2014 that Blackmores had partnered with celebrity personal trainer Michelle Bridges to launch a range of dietary supplements and protein products, available in Woolworths and Coles supermarkets, as well as Big W stores and Ritchies IGA supermarkets.
Blackmores said its Board estimated that this “pleasing” result would deliver a first half profit of around 50 per cent above the previous year’s first half profit.
Blackmores shares gained more than $4, to $39.72 on Wednesday 21 January 2015, after the announcement about the rise in profit. The strong gain took Blackmores shares to their highest value since the Company listed on the market in 1985.
The Company expects to make a full announcement of the half-year financial results on 26 February 2015, when the audit process has been finalised.