Comvita heading for a sweet spot

Solid result but shares dip. (Image: Supplied)

Thu, 24 Feb 2022

Comvita’s turnaround story continues to gain traction and the chief executive says it comes down to the sharp focus on its competitive advantage. The honey company said its operating profit was $7.2 million in the six months to Dec 31, up 39% on the year. Earnings before interest, tax, depreciation and amortisation (ebitda) were $12.1m, up 14.1%.“It’s a record half-year operating profit, record half-year ebitda, revenue growth margin expansion, increased investment in our brand and I hope more evidence that we are on trac...

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