Shares in Blackmores have broken the $100 mark for the first time in the company's history after it announced a record annual profit.
The vitamin and supplement maker gained $9.56, or 10.57 per cent, to close at $100 after hitting an all-time peak of $104 earlier during Wednesday's trading session.
The share price surge came a day after Blackmores reported an 83 per cent surge in profit to $46.6 million for 2014/15 on the back of skyrocketing sales to China, with the opening of free trade zones last year allowing it to gain a strong foothold in the Chinese market.
"It really opens up the opportunity for the Chinese consumer to buy a whole range of Blackmores products and for us to offer them," chief executive Christine Holgate told AAP.
The milestone caps off a dramatic rise for the company, with Blackmores shares only breaking past $40-a-share for the first time in January.
It's the second time in the month an ASX-listed company has breached the $100 mark after blood products and vaccines supplier CSL did so for the second time in its history.
Commonwealth Bank came close to the mark in March, reaching close to $96.
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