BELLAMY’S ANNUAL PROFIT MORE THAN TRIPLES

Revenue almost doubled to $244.583 million in the year ended June 30 from $125.302 million in the previous year, the infant milk producer said in a statement to the Australian stock exchange.

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EBIT grew by 342% to $54.3 Million, with EBIT margin more than doubling compared to FY15.

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NPAT was up exponentially to $38.3 million. The strong EBIT growth was driven by continued revenue growth.

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Bellamy’s has continued to see growth in targeted Asian markets. Over the past 12 months they have seen a improved Asia segment.

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