Bellamy’s Dumps CEO Laura McBain, Slashes Profit Guidance

Tasmanian infant formula manufacturer Bellamy’s shares have slumped by more than a third after it dumped its chief executive and slashed its profit guidance for the coming six months.

 

Bellamy’s shares had slumped 34 per cent to A$4.39 (US$3.29) by 2:15pm (AEDT), after the company resumed trade.

 

Read the full story on ABC News here.

Learn More About Wealth-X Products and Services: Contact Us