Blackmores (ASX:BKL) share price slumps after downgrading profit guidance
- Health and vitamins company Blackmores (BKL) was down more than 15 per cent this morning after it downgraded its full-year profit guidance in the wake of the coronavirus
- Blackmores now expects to achieve a half-year net profit after tax of $18 million, down 48 per cent from the 2019 financial year figures
- The company could turn even less profit come its 2020 full-year report, expecting to generate between $17 and $21 million on the back of higher manufacturing costs
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