August 28, 2018 / 10:48 PM / in 3 months

Bellamy's Australia posts FY profit

Aug 29 (Reuters) - Australian infant formula maker Bellamy’s Australia Ltd on Wednesday reported an annual profit, helped by higher gross margins and lower costs.

The company posted a net profit of A$43.3 million ($31.68 million) for the year ended June 2018, compared with a loss of A$809,000 last year.

$1 = 1.3669 Australian dollars Reporting by Aby Jose Koilparambil in Bengaluru Editing by Chris Reese

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