Enter Details

Comment on stories, receive email newsletters & alerts.

This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters


Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details

Back to log in

Infant formula sales have pushed Bellamy's into the ASX 200

China Photos/Getty Images

Bellamy’s, the Tasmanian company whose sales have exploded on demand in China for its infant formula, has made it into the to 200 ASX-listed companies.

The company, which posted a 325% rise in half year profit to $13.7 million, was added to the S&P ASX 200 index in a regular rebalancing by S&P Dow Jones Indices which is effective March 18.

Demand is so great for its organic infant formula that the company has struck a manufacturing deal with Fonterra Australia to produce infant formula at Darnum, in southeast Victoria.

Among the companies kicked out of the ASX 200 index is troubled law firm Slater and Gordon, taxi payment system Cabcharge, under attack from Uber, and the tv network Ten Network, suffering from a weak advertising market.

And making a triumphant return to the top 50 companies is Qantas after its return to profit and the subsequent surge in its share price.

It replaces billionaire James Packer’s Crown Resorts, which is taking a hit in revenue from its casinos in Macau, on the ASX 50 index.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at