Comvita forecasts 35% boost to annual earnings, farewells CEO Brett Hewlett

Thu, 23 Jul 2015

By Suze Metherell July 23 (BusinessDesk) - Comvita, the maker of health products based on manuka honey, has forecast a 35 percent gain in annual earnings and has signalled the exit of its chief executive Brett Hewlett at its annual shareholders meeting. The Te Puke-based company's forecast earnings growth accelerates from its record profit of $10.2 million in the year ended March 31, 2015 it reported in May. The company also told shareholders it expects annual revenue to be in excess of $180 million in the coming year, up from $152.7 mil...

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