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Bellamy's Australia Provides Chair's, Deputy Chair's and CEO's Address to AGM

24 Oct 2018  |  08:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: 2018 AGM Chair, Deputy Chair & CEO Addresses

Bellamy's Australia provided Chair's, Deputy Chair's and CEO's addresses to AGM. The Company has made substantial progress in FY 2018. It has achieved sales growth and profit increase. The Board has appointed a new Director, Shirley Liew which has further enhanced the Board's skillset in areas including governance, financial and operating control frameworks, food safety and quality control. Sales increased 37% to $329m and EBITDA increased 65% to $71m on a normalised basis and, in parallel, its balance sheet strengthened, including $88m in cash and no debt.

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