Bellamy’s Australia Half Year Result 27 Feb 17: Bellamy’s profit hit by aggressive discounting by Chinese resellers
CommSec

Bellamy’s Australia Half Year Result 27 Feb 17: Bellamy’s profit hit by aggressive discounting by Chinese resellers

2017-02-27
Bellamy’s Australia has reported a 47% drop in first half net profit to $7.2 million. The result was impacted by aggressive discounting undertaken by Chinese resellers of its infant formula.    This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank).  The Bank and its subsidiaries have effe...
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