Comvita affirms guidance for 25% gain in full-year profit

Mon, 20 Apr 2015

By Jonathan Underhill April 20 (BusinessDesk) - Comvita, the Te Puke-based maker of health products based on manuka honey, affirmed its guidance for a 25 percent rise in full-year earnings, saying it has sufficient supplies of honey to meet growing sales. Profit in the year ended March 31 was $9.5 million, up from $7.6 million a year earlier, the company said in a statement today. Sales rose 24 percent to $142.5 million. The company first made the forecasts at the time of its renounceable rights issue last November. It will release full-y...

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