Bubs posts record half-year results despite China challenge

Carrie LaFrenzSenior reporter

Feb 26, 2020 – 11.08am

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Key Points

Half year Revenue ($m) 27.1 , up 39.0%
Pre-tax profit ($m) -7.7 , up -12.8%
Net profit ($m) -7.6 , up -14.4%
Interim dividend (c) nil

Bubs Australia founder and chief executive Kristy Carr says while the traditional daigou personal shoppers have been hit by the coronavirus outbreak, an increase in the corporate daigou channel is fuelling demand for goat milk infant formula.

Ms Carr said the disruption caused by coronavirus was a challenge, particularly in relation to international flights and last-mile deliveries in China.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.