Baby food demand boosts Bellamy's revenues
Strong demand from China for its organic baby formula boosted sales in the mainland for food and beverage company Bellamy's Australia Ltd, which soared in its full year to end June by 331 percent on the previous year, the group reported on Friday.
Revenue from China last year totaled more than a quarter of global revenue, said the company, formerly known as Tasmanian Pure Foods Ltd.
The Australian baby formula maker - which is also a producer, supplier and marketer of organic baby food - saw revenue from China climb to $62 million last year, according to its annual report for 2016, released on Friday.
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