Aug 28 (Reuters) - Bellamy's Australia Ltd (BAL) : EXPECTS FY20...

Aug 28 (Reuters) - Bellamy's Australia Ltd (BAL) :

• EXPECTS FY20 10-15% GROUP NET REVENUE GROWTH AT AN EBITDA MARGIN CONSISTENT WITH LAST YEAR
• REMAIN CONFIDENT IN GROWTH STRATEGY & MEDIUM-TERM TARGET OF $500M REVENUE BUT TO DEFER TARGET BEYOND FY21 AMID ONGOING SAMR REGISTRATION PROCESS
• PLANNED A MAJOR CAPITAL EXPANSION FOLLOWING SAMR APPROVAL AND GACC (FORMERLY CNCA) RENEWAL
• REVENUE GROWTH ANTICIPATED TO ACCELERATE IN 2H20 WITH NEW PRODUCT LAUNCHES
• MAJOR CAPITAL EXPANSION EXPECTED TO COST $12-15M AND WILL TAKE ABOUT 12-15 MONTHS TO IMPLEMENT ONCE INITIATED