Comvita says auditor KPMG verified inventory value

Tue, 06 Aug 2019

By Jenny Ruth Aug. 6 (BusinessDesk) - Comvita chair Neil Craig says a key message the company had wanted to convey in its latest earnings downgrade last week was that the valuation of its inventory is worth the $110 million it is valued at. “There’s been criticism or assertions that there’s a lot of ‘caught bycatch’ or bush honey in the inventory. That’s the fundamental point that’s worrying the big investors,” Craig says. “Not only have we done our own internal valuation and stock assessment, but we’ve also had our outside auditors do...

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