Comvita shares slump 11% as honey products maker tips 1H loss

Wed, 26 Oct 2016

By Fiona Rotherham Oct. 26 (BusinessDesk) - Comvita shares dropped after the manuka honey and health products maker warned a first-half loss was on the cards, which chief executive Scott Coulter described as a “blip”. The company today told shareholders at its annual meeting in Te Puke that a loss was likely when its six-monthly results are announced next February because of a fall-off in sales out of Australasia since Chinese authorities cracked down on grey market traders. Comvita shares slumped 11 percent to $9.44, leading the S&P/N...

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