Brief: Bubs Australia Says HY China Sales Significantly Impacted By Prolonged Lockdowns, Channel Disruption

Bubs Australia

28/02/2023 24:48

Feb 28 (Reuters) - Bubs Australia Ltd  BUB.AX :
    * CHINA SALES WERE SIGNIFICANTLY IMPACTED BY PROLONGED
LOCKDOWNS
AND CHANNEL DISRUPTION DURING HY, DOWN 48% PCP
    * 1HFY23 INFANT FORMULA REVENUE INCREASED 44% ON PCP
    * EXPECTS MOMENTUM TO BUILD IN 2HFY23 AND TO WORK THROUGH
INVENTORY
    * WILL BE ACTIVELY SEEKING TO RECOVER A PORTION OF ITS
DOUBTFUL
DEBTS

Source text for Eikon:  ID:nASX7c6qf2 
Further company coverage:  BUB.AX 

 ((Reuters.Briefs@thomsonreuters.com;))