Bellamy's Australia Limited reported earnings results for the first half of fiscal 2017. For the period, the company reported revenue of AUD 118.297 million against AUD 105.143 million a year ago. EBIT was AUD 10.105 million against AUD 19.155 million a year ago. Profit before income tax expense was AUD 10.070 million against AUD 19.460 million a year ago. Net profit was AUD 7.236 million against AUD 13.656 million a year ago. Diluted earnings per share was 7.2 cents against 13.9 cents a year ago. Net cash outflow from operating activities was AUD 23.665 million against AUD 1.234 million a year ago. Purchases of property plant & equipment was AUD 0.238 million against AUD 0.487 million a year ago. Purchases of intangibles was AUD 0.348 million against AUD 0.188 million a year ago. Net assets per share at the end of the period were 86.8 cents. Net tangible assets per share at the end of the period were 84.8 cents.

The company provided second half of 2017 guidance of revenue between AUD 105 million to AUD 120 million and EBIT margin of between 8% and 10%. Normalised EBIT margin is expected to range between AUD 11 million and AUD 15 million (10% and 13%). Net Profit after Tax for second half and full year 2017 is expected to range between 4% and 6% of revenue.

For the year 2017, revenue is expected to be between AUD 220 million to AUD 240 million with an EBIT margin of between 8% and 10%.