Bubs Australia leaps on swinging to HY profit

Bubs Australia

22/01/2025 02:07

** Shares of infant formula maker Bubs Australia  BUB.AX 
rise as much as 32.7% to A$0.130, posting their biggest intraday
pct gain since late-May 2022
    ** BUB posts HY EBITDA of A$2.9 mln ($1.82 mln) vs EBITDA
loss of A$6.8 mln a year earlier
    ** Co reaffirms FY25 forecast of A$102 mln in revenue and
gross margin of more than 40%
    ** Stocks hits its highest since Oct 29
    ** More than 22.6 mln shares change hands, 11.3x the 30-day
avg of 2 mln shares
    ** Stock up 22.5% YTD, including the day's moves
($1 = 1.5962 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))