BAL 0.00% $13.23 bellamy's australia limited

Ann: Resignation of Chairman, page-6

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    "
    What is clear from Friday's interim profit report from Bellamy's is that this is a business that is worth fighting for.
    The company earned $7.2 million net profit on revenue of $118 million. The company's new CEO Andrew Cohen said Bellamy's was on track to meet its full year revenue guidance of $220 million to $240 million.

    There were three positives in the result, according to Citi analyst Sam Teeger.
    Bellamy's consolidated its distribution to a smaller number of key resellers in China and Australia, it cut its production at a rate faster than expected and it expects to meet internal forecasts for January and February."
 
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