Comvita annual profit rises 3.3% as honey price squeezes margin, sees more growth in 2015

Thu, 22 May 2014

By Paul McBeth May. 23 (BusinessDesk) - Comvita, which produces health products from manuka honey and olive leaves, lifted annual profit 3.3 percent as the rising cost of honey squeezed margins, and said revenue and earnings would grow in 2015. Net profit rose to $7.6 million, or 24.37 cents per share, in the 12 months ended March 31 from $7.4 million, or 24.52 cents a year earlier, the Te Puke-based company said in a statement. That's slightly ahead of the $7.5 million profit Comvita signalled earlier this month. Earnings before interest...

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