China sales drive record Blackmores profit

BLACKMORES has more than doubled full-year profit to $100 million after increasing direct sales to China more than sixfold.

Direct sales to China increased more than sixfold.

VITAMINS and health products supplier Blackmores has more than doubled full-year profit to $100 million after increasing direct sales to China more than sixfold.

In-country sales to China rose from $7.55 million in 2015/16 to $48 million in the 12 months to June 30, but Blackmores estimates that more than $200 million of its total $717 million revenue came from Chinese consumers as tourists and visitors took products home.

Net profit rose from $46.6 million a year ago and Blackmores declared a final dividend of $2.10, 30 per cent franked.