Comvita vows a back-to-basics approach after $6.5m half-year loss

Comvita vows a back-to-basics approach after $6.5m half-year loss
Comvita is still working through an industry honey glut. (Image: Hunter-Reilly)
Greg Hurrell
Comvita has reported a $6.5 million loss for the half-year to December 2024 but said it was stabilising and getting back to basics in line with market conditions.The mānuka honey company is looking to reset its culture after what chief executive Brett Hewlett described as a lack of trust because of mounting losses and accounting irregularities.Speaking at a shareholders' meeting on Feb 25, Hewlett said: “We acknowledge the erosion of trust that’s taken place as we’ve had to present a number of bad news results and tha...

More Markets

Rua Gold secures funding to step up hunt for NZ gold
Markets

Rua Gold secures funding to step up hunt for NZ gold

The funds will be used to carry out exploration over the next 12 to 18 months.

Former CBL CFO must pay $1.2m for disclosure breaches
Markets

Former CBL CFO must pay $1.2m for disclosure breaches

The case was a first for New Zealand courts, FMA says.

Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Consumer confidence ticks up in June
Retail

Consumer confidence ticks up in June

The ANZ-Roy Morgan Consumer Confidence index lifted 6 points to 98.8 in June.The future conditions index – made up of forward-looking questions – rose 8 points to 104.8, recovering last month’s fall. The current conditions index rose 3 points to 89.8.Perceptions of current person...