Bubs Australia net sales jump more than 620% | Finance News Network

Bubs Australia net sales jump more than 620%

Company News

by Anna Napoli

Bubs Australia (ASX:BUB) has announced quarter 4 net sales rose 620 per cent to $8.5 million when compared with the same time last year.

Sales were up 64 per cent on the previous quarter.

Meantime, export sales to China grew by 644 per cent to $1.9 million on the prior corresponding period.

China sales accounted for 22 per cent of the group’s total quarterly gross revenue.

In the quarter the company also completed a successful share placement raising $40 million.

The company says they are now an established leader in Australia’s goat-dairy landscape.

Shares in Bubs Australia (ASX:BUB) are trading 4.79 per cent higher to 77c.

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.