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Bubs in $38m capital raising for uncertain times

Simon Evans
Simon EvansSenior reporter
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Key Points

  • Revenue ($m) 56.6, up 29.0%
  • Pre-tax profit ($m) -16.1, up-54.8%
  • Net profit ($m) -7.8, up-78.1%
  • No final dividend

Infant formula group Bubs Australia expects an uncertain economy until at least the end of calendar 2020 as daigou traders stay out of the sector, with the company looking to bolster its balance sheet with a $38 million capital raising.

The company is forging into new markets such as Malaysia and the Middle East after early success in Vietnam in the past year.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
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    Original URL: https://www.afr.com/companies/retail/bubs-in-38m-capital-raising-for-uncertain-times-20200830-p55qoo