Blackmores CEO says the ‘smart shopper’ is on the rise


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Blackmores shares slipped 6.7 per cent to $79 by mid-afternoon on the ASX on Thursday after a subdued first half profit. The group generated net profit after tax of $25.5 million for the six months ended December 31 compared with $25.2 million a year earlier. Revenues were down 1.6 per cent to $338 million. The share price had been on the rise in the previous four months, gaining 35 per cent from $63.71 in mid-October. Blackmores shares hit $200 in 2016 when the “clean and green” status of Australian vitamin companies fuelled an extraordinary jump in demand from consumers in...