Australia's Blackmores profit misses on weak sales, tough China regulations

Australian vitamin maker Blackmores Ltd's annual profit fell 23.6% and missed analysts' estimates on Thursday, hurt by decline in sales and tough e-commerce regulations in China, its largest offshore market.

Aug 15 (Reuters) - Australian vitamin maker Blackmores Ltd's BKL.AX annual profit fell 23.6% and missed analysts' estimates on Thursday, hurt by decline in sales and tough e-commerce regulations in China, its largest offshore market.

Net profit attributable for the year ended June 30 fell to A$53.5 million ($36.12 million) compared with A$70 million a year earlier. An average of nine analysts expected profit of A$59.9 million, according to IBES data from Refinitiv.

The 87-year-old firm declared a final dividend of 70 Australian cents per share, down from 155 cents last year.

($1 = 1.4813 Australian dollars)

(Reporting by Shriya Ramakrishnan and Niyati Shetty in Bengaluru; Editing by Arun Koyyur)

((Niyati.N.Shetty@thomsonreuters.com; +918067497199; Reuters Messaging: niyati.n.shetty.thomsonreuters.com@reuters.net))

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