Bellamy's Australia Limited provided earnings guidance for the second half of 2017. Second half 2017 net sales are forecast to be above the mid-point of guidance ($105 million to $120 million). Reported EBIT guidance has reduced from a profit of $9.0 million to $13.0 million to a loss of $9.5 million to $14.0 million, due to the addition of one-off costs associated with the Acquisition and Fonterra agreement. Normalized EBIT guidance has increased from $11.0 million to $15.0 million to $16.5 million to $20.5 million, due to the removal of a $5.5 million shortfall payment to Fonterra, which is no longer payable under the revised Fonterra agreement. Cash-flow has been positive since March 2017 and the net-cash position is expected to be close to neutral at 30 June 17.