Blackmores Ltd on Wednesday scrapped its dividend and said it expects this year&...
) on Wednesday scrapped its dividend and said it expects this year’s profit to more than halve as the coronavirus hit its supply chain, sending the Australian vitamin maker’s shares to a near one-year low.
Blackmores will now have to tweak their operations in China as the epidemic has hindered movement of products to and within the country as a determined Chinese government scrambles to stem the spread of the virus. China’s strong demand for vitamins health products had fueled double digit annual sales growth at the company and made its shares very attractive, but Blackmores has recently struggled with Beijing’s tougher import rules.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's return to work lifts local stocks while rest of Asia trailsAsian shares fell on Monday as the death toll from a coronavirus outbreak exceed...
Read more »
Coronavirus to hit Canadian economy, affect oil prices, tourism: finance ministerThe spreading coronavirus outbreak will hit the Canadian economy, in particular ...
Read more »
Coronavirus to hit Canadian oil sector as energy project hangs in balanceThe spreading coronavirus outbreak will hit Canada's already struggling ene...
Read more »
Under Armour shares tank on sales miss, sees $50 million to $60 million hit from coronavirusCNBC's 'Power Lunch' team is joined by Lauren Thomas, CNBC.com retail reporter, to discuss her reporting on Nike's decision to stop selling products on Amazon as part of its push to sell more directly to consumers.
Read more »
China's Huanggang says virus situation in city remains severeChina's Huanggang city, one of the hardest hit by the coronavirus outbreak,...
Read more »
Asians worldwide share examples of coronavirus-related xenophobia on social mediaAsians worldwide share examples on social media of xenophobia following the outbreak of the coronavirus, now called COVID-19.
Read more »