Bubs says it will at least double revenue with $17M deal

Company News

by Anna Napoli

Bubs Australia (ASX:BUB) says it will at least double revenue with a $17 million dollar deal with New Times Asia.

The organic baby food company has inked a long-term supply agreement with the China based supply chain and service provider.

The deal will enable the company to supply bubs and Caprilac products to up to 20 e-commerce platforms in China.

CEO Kristy Carr says the 17 million dollar deal represents at least a 100 per cent increase to total sales revenue.

Under the deal New Times Asia has committed to purchasing minimum volumes of Bubs and Caprilac products.

Shares in Bubs (ASX:BUB) are trading up 9.8 per cent to 84 cents.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.