Bellamy's FY19 Revenues Down 19%; EBITDA Declines 46%

1 min read | August 28, 2019 12:17 PM AEST | By Team Kalkine Media

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Organic producer, Bellamyâs Australia Limited (ASX: BAL), in the full-year results for FY19, reported that leading consumer indicators are positive, including increasing e-commerce sales, brand interest, consumer pricing and trade economics.

FY2019 was a challenging period for the company, owing to regulations, increased competition for Chinese demand, and low birth rate.

Revenues were down by 19% to $266.2 million in FY2019 compared to revenues of $328.7 million in FY2018. EBITDA was down by 46% to $34.9 million from $64.6 million in the previous corresponding period. Meanwhile, NPAT was down by 49.3% to $21.7 million for the period against $42.8 million in FY2018.

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