Business
Bubs share price halted following FY 2020 results and capital raising plans – Motley Fool Australia
The Bubs Australia Ltd (ASX:BUB) share price is in a trading halt on Monday after releasing its full year results and announcing a capital raising…
The Bubs Australia Ltd(ASX: BUB) share price won’t be going anywhere on Monday after the infant formula company requested a trading halt following the release of its full year results and announcement of another capital raising.
How did Bubs perform in FY 2020?
For the 12 months ended 30 June 2020, Bubs reported a 32% increase in revenue to $62 million. This was driven largely by a 58% lift in infant formula sales to $30 million. They now represent 55% of group revenue.
Supporting this growth…
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