New mānuka definition boosts sampling demand for HRL's NZ Analytica

Mon, 19 Feb 2018

By Paul McBeth Feb. 19 (BusinessDesk) - ASX-listed HRL Holdings says the new regulatory regime defining mānuka honey has stoked short-term demand for its recently acquired Analytica Laboratories division. Queensland-based HRL recorded underlying earnings of A$205,000 on revenue of A$846,000 in just one shortened month of owning the New Zealand food testing unit, and said activity at Analytica was "highly encouraging". The Australian firm paid $13.3 million in cash and $5.7 million in scrip for Analytica, with earnouts of up to $11 millio...

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