Sales and revenue growth from first full reporting period of NuLac Foods transaction
Q3 net sales up 422% to $5.178 million on same period last year, and up 180% on the previous quarter.
Q3 gross sales up 361% to $5.455 million on same period last year, and up 174% on the previous quarter.
Quarterly growth driven by additional revenues from both the Bubs business and the first full quarter of trading from NuLac Foods under Bubs Australia’s ownership.
Sales of Bubs® Goat Milk Infant Formula grew 63% on same period last year.
Sales to China grew 55% for the third quarter versus the same period last year.
Strong balance sheet: A$5.570 million in cash reserves following the NuLac Foods acquisition.
Added to the All Ordinaries index of the Australian Securities Exchange
BUB Price at posting:
76.0¢ Sentiment: Buy Disclosure: Held
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