This is a solid result. Not too many companies showing such growth in a difficult market. They are right moving focus from the Australian market that was all based on the Daigou to direct action in the China KMBS and Retail only stores in China and a strong CBEC strategy. Don't forget USA is just starting really and I think can be a really good opportunity for them. Strong balance sheet will steer them through a successful USA outcome. They have access to the two biggest baby formula markets in the world. Not a bad position to have!
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