February 11, 2020 / 9:53 PM / 6 days ago

Australia's Blackmores scraps dividend, cuts outlook on coronavirus impact

Feb 12 (Reuters) - Australian vitamin maker Blackmores Ltd cut its full-year profit forecast on Wednesday and said it would scrap a dividend for the half, citing a hit from the coronavirus outbreak.

Blackmores said it expects supply and sales disruptions due to the deadly virus to last for at least two to three months.

It sees full-year net profit after tax between A$17 million and A$21 million ($11.41 million - $14.10 million). Blackmores reported a profit of A$53 million a year earlier. ($1 = 1.4896 Australian dollars) (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Anil D’Silva)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below