ASX-LISTED goat-dairy infant nutrition company Bubs Australia has announced its results for the six months to 31 Dec, reporting both strong domestic numbers as well as a "greatly expanded" e-Commerce distribution capacity for its emergent China business.
Gross sales almost doubled to $3.72m, however the acquisition of NuLac Foods, capital raising and administration to support the growth led to a statutory loss before tax of $3.85m.
In Jul, the company announced a partnership with HealthOne, leading to growth in pharmacy sales by 459%, with Chemist Warehouse also taking up the range.
A significant boost to domestic retail distribution has been achieved, the company added, with stock already in Costco, Aldi, and Coles supermarkets and soon to appear on Woolworths shelves.
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