BKL 0.00% $94.73 blackmores limited

Aug 15 (Reuters) - Blackmores Ltd (BKL) : FY SALES IN CHINA...

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    Aug 15 (Reuters) - Blackmores Ltd (BKL) :

    • FY SALES IN CHINA SEGMENT, COMPRISING KEY EXPORT ACCOUNTS AND IN-COUNTRY SALES WERE $122 MILLION, DOWN 15%
    • H2 OF FY20 EXPECTED TO BENEFIT FROM OPERATIONAL EFFICIENCIES AS A RESULT OF EXECUTION OF BUSINESS IMPROVEMENT INITIATIVES
    • UNDERTAKING A PROGRAM TO REALISE $60 MILLION IN SAVINGS OVER THREE YEARS
    • "FOCUSED ON GROWING OUR CHINA BUSINESS THROUGH INCREASED ENGAGEMENT WITH CROSS BORDER E-COMMERCE PLATFORMS"
    • CHANGES TO E-COMMERCE REGULATIONS IN CHINA HAVE IMPACTED SALES MADE IN AUSTRALIA TO OVERSEAS CONSUMERS
    • CHALLENGING TRADING CONDITIONS IN OUR CHANNELS TO CHINA ARE EXPECTED TO CONTINUE DURING FIRST-HALF OF FY20

    Source text http//reut.rs/303lFLC

    (([email protected];))

 
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