SYDNEY Black Jarrad Davis Jersey , Jan. 16 (Xinhua) -- Australian vitamin and health supplement maker Blackmores Ltd has no plans to split its stock after shares recently surged passed 200 Australian dollars.


Blackmore's market capitalization has growth from 550 million Australian dollars (377.27 million U.S. dollars) to over 3 billion Australian dollars (2.06 billion U.S. dollars) over the past 12 months as export earnings grow, most notably from strong vitamin sales to China.


Blackmores chief executive Christine Holgate told Xinhua on Saturday the company has no intention to split its shares which broke through the 200 Australian dollar (137.19 U.S. dollar) barrier in late October on the announcement of a partnership with dairy producer Bega Cheese Ltd. to supply infant formula to China.


"85 percent of our shareholders are retail shareholders, mums and dads" Holgate said at the infant formula product launch on Saturday.


"Many of our shareholders have held our stock for 30 years, and just splitting the shares isn't going to change whether they continue to hold Blackmores or not."


At the close of trade on Friday Black Kerryon Johnson Jersey , Blackmores shares had gained 5.52 Australian dollars (3.79 U.S. dollars), or 2.76 percent to 205.50 Australian dollars (140.96 U.S. dollars) despite the ASX slipping 0.34 percent for a nine out of 10 session loosing streak, its worst start to a New Year on record.


Breaking the 200 Australian dollar (137.19 U.S. dollar) barrier on the partnership's announcement had some investors concerned the 513 percent surge over the past year made the stock overpriced.


"This is way above what we've valued it at," Morningstar analyst Chris Kallos told global news agency Reuters at the time.


"This partnership is a good move on paper and looks like it diversifies revenues without putting added pressure on their manufacturing capacity Black Frank Ragnow Jersey , while taking advantage of the demand in China, (but) it looks expensive."


The Blackmores-Bega Cheese partnership launched their infant formula range in Sydney on Saturday, faster than anticipated to meet market demands.


Australian supermarket giants Woolworths and Wesfarmers owned Coles have restricted sales of infant formula due to significant local supply issues from high demand.


"We've very cognisant about mums making sure they can get supply of products," Holgate said Black Marvin Jones Jr Jersey , noting there is no indication of when the market will heat peak demand."


"What we've done is put a number of measures in place to help mums."


Consumers will be able to purchase Blackmore's infant formula in Australian pharmacies, via a national customer service line and e-commerce platforms.


Iraq’s economy and the Iraqi dinar rely heavily on its oil sector, which accounts for 90 percent of the country’s foreign earnings. Currently, Iraq produces an average of 2.7 million barrels a day with 2.2 million barrels of this production being exported daily. The country plans to increase its production and also its export capacity in the next ten years after the successful three rounds of oil bidding. However before any of these can become possible Black Golden Tate III Jersey , the country needs to address first a handful of problems related to infrastructure, technical, and finances.


Iraq seeks to pass its own set of laws to stabilize and strengthen its economy. This includes the hydrocarbon law, which encourages development of the country’s oil and gas sector. There is also the revenue-sharing law that helps divide the country’s revenues from its oil and gas production into equal parts among its provinces Black Darius Slay Jr Jersey , Central government, and the Kurdistan Region. Structural reforms including bank restructuring as well as subjecting state-owned businesses and establishments to corporatization are important to sustain the country’s economic expansion based on its private sector growth. Equally important is the eradication of corruption in the country.


Since 2003, foreign assistance has been fundamental in Iraq’s efforts and commitment to its reconstruction. In October of 2003, a pledge amounting to $33 billion and more to assist the country became possible during the donor’s conference held in Madrid. The International Reconstruction Fund Facility for Iraq or IRFFI was launched by World Bank and the UN to oversee and distribute funds amounting to $1.7 billion from the pledged amount. The remaining amount is to be distributed bilaterally.


Funds amounting to $18 billion in technical and financial assistance Black Matthew Stafford Jersey , trade finance, soft loans, and loan facilities have been pledged by international donors since 2003. The combined pledges of international donors for technical assistance and grants amounting to $6.5 billion have exceeded by $1.3 billion more. Pledges for total soft loan reached $12.8 billion and $6.5 billion of it has already been committed. Japan, the foremost contributor for soft loans has committed close to $3.3 billion to fund projects in Iraq. Both the IMF or International Monetary Fund and World Bank have approved a number of new programs to help minimize and eventually close the distance between pledges for soft loans and commitments. With the help of the international donors Black Ziggy Ansah Jersey , Iraq will be able to continue its reconstruction, which will lead to the Iraqi dinar and the country’s economy stabilizing in the years to come.


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