Bellamy’s (ASX: BAL) today announced full year results for the period ended 30 June 2018, posting 37% increase in sales and 65% growth in normalized EBITDA for FY18.
Revenue has increased from $240.2 million in FY17 to $320.0 million in fiscal 2018 excluding $8.7 million contribution from Camperdown. This strong revenue growth is directly attributable to larger volume with 48% increase in Australian label. However, the sales got impacted in second half of 2018 due to no sales of Chinese-label formula products resulting from delay in SAMR registration.
Despite facing tough market conditions, the company achieved $42.8 million of net profit after tax, compared to $0.8 million net loss reported last year. Gross Margin improved 5.8% points versus 2H17 to 42.5% in 2H18.
There has been significant increase in brand, product and marketing investment over last one year, while Bellamy’s Camperdown manufacturing business achieved breakeven in second half of 2018.
No dividend is paid or payable for the year ended 30 June 2018. Cash at 30 June 2018 was $87.6 million.
Bellamy’s stock continues to rise with daily percentage price change of 6.828% to trade at $11.890 on 29 August 2018 (3:12 PM AEST).
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.