Blackmores, the Australian vitamin company, reportedly almost tripled its profits growth, from AUS18.6m ($13.5m) in H1 2015 to AUS48.3m ($35m) in H2 2015, driven by strong demand from China. The company said it was “very pleased” with results and that sales were up more than 50 per cent year-on-year.
Blackmores, the Australian vitamin company, reportedly almost tripled its profits growth, from AUS18.6m ($13.5m) in H1 2015 to AUS48.3m ($35m) in H2 2015, driven by strong demand from China. According to 4-traders, a large part of the growth comes from Chinese tourists and entrepreneurs buying large quantities of supplements in local shops and pharmacies in Australia to sell later in their home country.