Poor results for Blue Sky Alternative Investments

Company News

by Rachael Jones

Blue Sky Alternative Investments (ASX:BLA) NPAT fell over 420 per cent to a loss of $67.6 million.

It’s revenue slid over 60 per cent to $25 million.

EBITDA fell over 300 per cent to $75 million.

The disappointing results they say were attributed to an activist short-selling campaign severely disrupted their business ahead of what is typically our most productive period for new fund capital raisings,

Blue Sky Alternative Investments (ASX:BLA) are down 12.67 per cent to $1.62.
 

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