Comvita faces a long slow haul back to profit

Comvita has suffered from an economic downturn in China. (Image: Comvita)

Wed, 30 Oct 2024

Manuka honey company Comvita is in rebuilding mode with a refreshed management team saying it is determined to return the business to profitability.However, that turnaround appears to be a way off yet.Speaking at the company's AGM on Oct 30, newly appointed chair Bridget Coates said Comvita had begun an aggressive process of transformation but that wouldn’t bear fruit until the second half of the 2025 financial year. There have been several changes to Comvita’s board and management team recently. Former CEO David Banfield w...

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