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Blackmores Announces Half Year Results

25 Feb 2020  |  09:00:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: BKL Half Year Results Announcement

Blackmores announced the completion of its strategic review. Over the past few months, it has identified opportunities to focus its strategic effort and investments on fewer, more premium brands in a focused group of markets and channels. It confirmed reported net profit after tax (NPAT) for the first half of FY 2020 of $18m, down 47% compared to the pcp, with revenue of $303m, down 5% on pcp. Revenue in the second half is expected to be similar to that achieved in the first half, though the higher costs associated with manufacturing and other factors including Coronavirus will have a material impact on the FY 2020 result.

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