Another sweet result has Comvita on track for 2025 turnaround

Chair Brett Hewlett said the company showed true resilience in delivering the result. (Image: Comvita)

Tue, 22 Aug 2023

Comvita notched up record annual sales and underlying earnings growth of 11%, leaving it on track to deliver sweet margins in another two years. The honey products company reported a net profit of $11.1 million in the 12 months that ended June, down from $12.8m a year earlier. Comvita spent $2.9m in the latest year to upgrade its enterprise resource planning system, ultimately delivering future savings.Earnings before interest, tax, depreciation and amortisation (Ebitda) rose to $33.5m from $30.1m a year earlier, as revenue climb...

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