Comvita warns of first half loss on China regulatory changes

Wed, 26 Oct 2016

By Fiona Rotherham Oct. 26 (BusinessDesk) - Manuka honey and health products company Comvita has warned its first-half result is likely to be a loss after tough trading in the first quarter of the 2017 financial year resulted in an unexpected drop in sales. At today’s annual meeting in Te Puke, the company said the lower than expected sales were the result of a slowdown in the New Zealand and Australian informal trade channels in China following regulatory changes, including a restriction on sales by individual traders and a new border ta...

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