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Bubs Australia Ltd Falls On HY Report

Bubs Australia Ltd (ASX:BUB) released its half year financial report to investors today, showing a loss of $3.89 million.
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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Bubs Australia Ltd (ASX: BUB) released its half year financial report to investors today, showing a loss of $3.89 million.

Bubs Australia is an infant formula company that is based from goat milk.

Here are some of its highlights compared to last year:

  • Revenue increased by 86% to $3.25 million
  • Day to day trading, or EBITDA, decreased by 11% to a $3.86 million loss (What does EBITDA mean?)
  • Profit decreased by 10% to $3.89 million
  • Cash on hand increased by 64% to $8.69 million

Bubs Australia said that its infant formula will be ranged in Australia’s largest supermarket chain, Woolworths Limited (ASX: WOW). The company also said that it has commenced a Caprilac fresh milk trial in selected Aldi stores.

Management pointed to the domestic footprint more than doubling since listing as a source of optimism.

Bubs Australia is building strategic foundations with key partners in China, which is establishing a platform for accelerated growth for the company.

The Bubs Australia share price declined by 4.74% today according to Google Finance. 

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