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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.