Australia's Capilano Honey profits bolstered from capital gain in asset sale to Comvita JV

Mon, 07 Aug 2017

By Rebecca Howard Aug. 7 (BusinessDesk) - Australian honey maker Capilano Honey's joint venture with Comvita has had an immediate, if unrealised, benefit for the Queensland-based company's bottom line. The two honey companies teamed up last year to create Medibee Apiaries in Australia to produce Leptospermum honey, commonly known as manuka, for medical and natural health products. In July last year, Capilano realised a capital gain of A$2.1 million following the sale of its manuka beekeeping assets into the joint venture with no tax attr...

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