Bubs Australia (ASX:BUB) annual gross revenue grows 32%

Company News

by Katrina Bullock

Infant formula producer, Bubs Australia (ASX:BUB) has released its quarterly activities report for the period ended 30 June 2020.

Full year gross revenue increased 32 per cent to $62 million.

Bubs Infant formula sales increased 20 per cent in the fourth quarter and represent over 70 per cent of the company’s quarterly gross revenue.

Group gross revenue however decreased 5 per cent during the quarter because the previous quarter pulled forward demand as the pandemic prompted pantry stocking in multiple markets and challenging international logistics.

Shares in Bubs Australia (ASX:BUB) are trading 5.39 per cent lower at 96 cents.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.