Bubs says China is improving

by | Oct 20, 2021 | Australia, News

Shares in infant formula maker Bubs Australia shares jumped 17% last week to $0.42 per share as the latest quarterly report revealed high growth during the quarter due to a revamped business strategy. Bubs share prices were down 30% in 2021, but in the past month have lifted 8%.

Bubs are investing in manufacturing capabilities at its facility in Victoria and now have local representation in New Zealand, China and North America. Bubs CEO Kristy Carr said the consumer demand for the company’s products continue to be strong in all key markets, delivering solid performances and ended the quarter with a strong balance sheet, holding $28.3m in cash at the end of September.