Oceania Natural third-quarter sales growth stalls on unstable grey market

Mon, 30 Jan 2017

By Paul McBeth Jan. 31 (BusinessDesk) - Oceania Natural's third-quarter revenue stalled earlier growth as an unstable grey market in China prompted the honey and noni juice products maker to rethink its distribution into the world's most populous nation. Total revenue was $327,000 in the three months ended Dec. 31, compared to $1 million in the second quarter, the Auckland-based company said in its key operating metrics. The NXT-listed company last week scaled back its 2017 forecast as discounted rival honey products undermined its sales...

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