Blackmores China region down 18% 2019 H1
date:2019-08-16
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Keyword: Blackmores, China region

On August 15, 2019, Blackmores announced its financial year 2019 results (note: from June 30, 2018 to June 30, 2019). During the reporting period, the company realized operating revenue of 610 million yuan (Australian dollar, the same below), an increase of 1.39% compared with the previous fiscal year. Net profit was 53.469 million Australian dollars, down 23.62% from the previous fiscal year. Among them, the operating revenue of China region reached 122 million yuan, down 14.68% compared with the previous fiscal year.


Since January 2019, changes to the e-commerce law have affected the way Chinese consumers buy company products in China this year, shifting from Australian retailers to more direct purchases from Chinese e-commerce platforms.


The performance of Blackmores in the first half of 2019 shows that the company achieved an operating revenue of 290 million yuan, down 7.54% year-on-year. The net profit was 19.3669 million yuan, down 47.19% year on year. Among them, the operating revenue of China region was 56.854 million yuan, down 18.08 year on year.


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