Oceania Natural lifts annual profit but misses guidance

Tue, 31 May 2016

By Sophie Boot June 1 (BusinessDesk) - Oceania Natural, the food supplements maker which listed on the NXT at the end of March, lifted annual profit as revenue more than doubled, although it missed its earnings guidance. Net profit rose to $182,584 in the year ended March 31, from $1,154 a year earlier, while revenue more than doubled to $3.4 million, the Auckland-based company said in a statement. The company produces food supplements derived from manuka honey and noni fruit juice. The bulk of its revenue comes from China, where it g...

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