Comvita lifts annual profit 28 percent, beating expectations

Thu, 21 May 2015

By Suze Metherell May 22 (BusinessDesk) - Comvita, the Te Puke-based maker of health products based on manuka honey, boosted annual profit 28 percent, beating expectations as tourism to New Zealand helped drive sales. Profit rose to a record $10.2 million in the year ended March 31, up from $8 million a year earlier, and ahead of the $9.5 million it flagged in April. Sales rose 32 percent to $152.7 million, and earnings before interest, tax, depreciation and amortisation rose 35 percent to $23 million, the company said in a statement. ...

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