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Bubs Australia hits near two-month low as quarterly revenue declines

By Reuters News

** Shares of Bubs Australia BUB.AX fall as much as 5.6% to A$0.084, their lowest level since August 31

** Stock hits its biggest intraday pct loss since October 15

** Infant formula maker reports Q1 net revenue of A$23.1 million ($16.31 million), down 9.8% y/y

** Operating cash outflow widens to A$6.0 million from A$4.4 million a year earlier

** Says delayed re-entry into Singapore and Vietnam, timing differences between sell-in and sell-out, and inventory investment weighed on cash flow

** YTD, stock down 38.6%, including the session's moves

($1 = 1.4162 Australian dollars)

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