Contacts: Manager Liang Mobile: 86-15951608577 Tel: 86-25-69621781 Fax: 86-25-69621783 Add: No.30 Puzhunan Road,Nanjing,Jiangsu,China
Australia dairy company Bellamy because Chinese market detonated business crisis, the stock was cut do not say, may also be Fonterra in the bag.
For the Australian dairy giant, a listed
company Bellamy (Bellamy 's) is like this. Bellamy was founded in 2004, is Australia's
first production of Organic Infant Formula company. Before
Christmas, the company's share price plummeted due to the sluggish performance
of the Chinese market.
Bellamy was the darling of the Australian stock market, the market value of more than 1 billion Australian dollars. The market has high hopes for the brand to enter the Asian market. But in December last year, Bellamy said in the announcement, it Chinese market suffered a "short sales".
The news that the Bellamy stock was cut, the news chief executive Laura McBain was fired in the new year.
After the new year, Bellamy announced in December operating income is expected to be $22 million to $26 million, only half of the market expected $46 million.
So it's not surprising that the stock price continued to fall by 40%.
Bellamy offers the same reason as before Christmas: lower than expected sales, rising costs of organic costs, and additional market spending.
Jiangsu Tiankai Biotechnology Co., Ltd.Contacts: Manager Liang Mobile: 86-15951608577 Tel: 86-25-69621781 Fax: 86-25-69621783 Add: No.30 Puzhunan Road,Nanjing,Jiangsu,China