Comvita shares tumble as it says honey production season was poor overall

Mon, 06 May 2019

By Rebecca Howard May 6 (BusinessDesk) - Comvita shares fell 9.3 percent after it said honey production had been "poor overall" for the third season in a row and it now expects a net loss of around $6 million for the year. The shares recently traded at $3.80 and are down 14 percent so far this year. In late May 2016, the stock was trading at $13. "Even though production per hive for Comvita was higher than the previous year, it was a poor production season overall. This has been put down to poor weather patterns but we also believe th...

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