Australia's Blackmores falls on lacklustre performance of international segment

Blackmores

23/02/2023 02:35

** Shares of Blackmores Ltd  BKL.AX  fall as much as 9% to
A$77.05; set for worst day since Aug 18, 2022, if losses hold 
    ** Shares hit lowest level since Jan 13
    ** Natural healthcare co posts revenue from ordinary
activities of A$338 mln ($230.75 mln) for half year, down 1.6%
compared to previous year  
    ** Says sales growth in co's Australia and New Zealand and
China segments were offset by the decline in revenue from co's
international segment 
    ** Says revenue for international segment declined by 15.1%
to A$93.5 mln for half year 
    ** Says underlying EBIT for international segment declined
by 40.2% to A$11.0 mln for half year impacted by lower sales
    ** However, co posts net profit attributable of A$24.3 mln
for half year, up 19.6% compared to previous year 
    ** Says for the remainder of FY23, markets are expected to
remain somewhat uncertain
    ** Stock up 17.3% YTD as of last close 
($1 = 1.4648 Australian dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))