Bubs Australia hits over 2-week high on positive FY24 US forecast

Bubs Australia

10/12/2023 23:51

** Shares of Bubs Australia  BUB.AX  advance as much as 8%
to A$0.135, hitting their highest since Nov 24 
    ** The dairy firm sees FY24 revenue for its United States
segment to be at least A$48 million ($31.58 million), double
that what it had achieved in FY2023
    ** Adds it has recorded a weekly U.S revenue of over
A$770,000 in November 
    ** Stock has fallen ~58.3% this year as of last close


($1 = 1.5200 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))