One of Australia’s biggest producers of infant formula has tripled its profits in a year due to a sales boom in China. Bellamy’s Australia recorded a 322-percent increase in its net profit, to $29 million in the financial year [July 1st to June 30th] which ended in June 2016…Full Article: China Daily Aug 2016

Key Point

  • From 1 July 2015 to June 30 2016, Bellamy’s Australia revenue increased 95% from the previous fisical year to [AU]$187 million.

ChinaAg Comments

  • In November 2015, Bellamy’s Organic noted that Chinese sales spike during Singles’ Day (aka Guanggun Jie), which is celebrated annually on November 11th. Singles’ Day is a major shopping holiday within China.
  • Founded in 2004 and headquartered in Launceston, Tasmania, Bellamy’s Australia is a dairy company whose product lines includes infant formula, cereal/porridge(rice), baby food, pasta, and snacks.

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