Comvita turns to FY operating profit, has positive outlook for this year

By Tina Morrison Aug. 21 (BusinessDesk) - Comvita, the worst performer on New Zealand's benchmark index this year following two poor honey harvests, turned to a full-year operating profit from a loss a year earlier and said it has a positive outlook for the current financial year as it invests in mānuka honey supply. New Zealand's only listed honey company posted an after-tax operating profit of $9.3 million in the year ended June 30, within its forecast range of $8 million-to-$11 million, and marking a turnaround from a loss of $5.5 mill...