Comvita: 1Q earnings up 10.6% despite covid disruption

Mon, 11 Oct 2021

Comvita said first-quarter operating earnings were up 10.6% despite covid-related shipping delays pushing some sales into October.The honey company said it still expects earnings before interest, tax, depreciation and amortization (ebitda) for the full year to come in between $27 million and $30m compared with $25.5m in the year ended June.That annual result was up fivefold on the previous year.The company said $4m of goods scheduled for delivery in September were delayed into October because of shipping delays. If those sales had been included...

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