August 28, 2017 / 11:12 PM / a year ago

Australia's Blackmores posts 41 pct full-year profit drop

SYDNEY, Aug 29 (Reuters) - Australian vitamin maker Blackmores Ltd said on Tuesday its full-year profit plunged 41 percent, as exports to China failed to make up for a drop off in demand from Chinese shoppers in Australia.

Blackmores said net profit for the year to June 30 was A$59 million ($46.7 million), compared with A$100 million a year ago. That was below an average forecast for A$63.6 million, according to seven analysts polled by Thomson Reuters I/B/E/S.

The company cut its final dividend to A$1.40 from A$2.10 a year ago. Blackmores said in April it expected full-year profit to improve on the 2015 financial year, when it reported net profit of A$46.6 million. ($1 = 1.2631 Australian dollars) (Reporting by Tom Westbrook; Editing by Richard Pullin)

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