Comvita hones focus on biggest growth drivers as it seeks to bolster profits

Tue, 21 Aug 2018

By Tina Morrison Aug. 22 (BusinessDesk) - Comvita, New Zealand’s largest producer and marketer of honey and bee-related products, is reducing its risk and positioning itself for future growth by honing in on where it can get the most bang for its buck. The company’s shares are the worst performer on the benchmark index this year after earnings were hurt by two consecutive years of poor honey harvests. Its honey supply business lost $6.2 million in operating profit in its 2018 financial year and $6.6 million in the 2017 year. While Comv...

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