A manufacturer of infant formula, Bubs Australia Limited (ASX:BUB) unveiled its Q4 FY20 activities report for the period ended 30 June 2020.
Few of the highlights were:
- Gross revenue noted an increase of 32% to $62 million. However, Group gross revenue dwindled 5% due to the previous quarter pull-forward strong demand.
- BUB’s Infant formula sales soared by 20% (pcp), representing 71% of the Company’s quarterly gross revenue.
- Bolstered balance sheet with cash reserves of $26million.
Furthermore, BUB is expanding into the vitamins sector by launching Vita Bubs® and appointed Jennifer Hawkins as a global brand ambassador.
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