Comvita shares jump as investors cheered by result

Rebecca Howard
Thu, 26 Aug 2021

Comvita looks to have turned its fortunes around. (Image: Supplied)
Comvita looks to have turned its fortunes around. (Image: Supplied)
Rebecca Howard
Thu, 26 Aug 2021
Comvita shares were up 5.26% to $3.60 shortly after the honey company reported a profit for the year ended June 30, resumed dividend payments and signalled ongoing growth. “The business has gone through significant change in order to arrive at this point, it hasn’t always been easy, but we know that this is crucial to enable us to deliver the true potential of Comvita,” said chief executive David Banfield. Comvita reported a $9.5 million net profit for the year compared with a $9.7m net loss the previous year.Earning...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ shares fall as market rally evaporates
Dan Brunskill | Wed, 29 Jun 2022

A survey showed US consumer confidence was at its lowest since 2013.

Donald Trump Steers Himself into a Legal Morass
Bloomberg | Wed, 29 Jun 2022

I don’t think anyone can doubt that Trump committed crimes, based on the testimony we’ve heard. Serious crimes. 

Kiwi chair Mark Ford says property values may fall 5-10%
Jenny Ruth | Wed, 29 Jun 2022

Many of the factors weighing on Kiwi Property's share price are beyond its control, chair Mark Ford told shareholders.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.