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Blackmores warns of disruption from vaccine rollout

Simon Evans
Simon EvansSenior reporter

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Key Points

  • Revenue ($m) 302.6, up 3.1pc from year-earlier 293.5 
  • Pretax profit ($m) 23.6 v 22.9
  • Net profit ($m) 18.9 v 18.2
  • Interim dividend 29c payable on April 12 

Vitamins group Blackmores warned the absence of Chinese tourists and disruptions in pharmacies from May as they play a central role in vaccination programs will lead to lower June-half revenue than in the previous six months.

Chief executive Alastair Symington said on Wednesday that conditions had become tougher because of discounting triggered by retailers and vitamins producers looking for ways to offset a fall in foot traffic in retail outlets.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/retail/blackmores-warns-of-disruption-from-vaccine-rollout-20210223-p5753d