UPDATE: Comvita annual profit jumps 68% as Aussie overtakes NZ

Tue, 10 May 2016

(Adds comments and detail from conference call, updates shares) By Tina Morrison May 10 (BusinessDesk) - Comvita boosted annual profit 68 percent as Australian sales soared, overtaking New Zealand as the manuka honey company's largest market. Profit jumped to $17.2 million, or 43.36 cents per share, in the 12 months ended March 31, from $10.2 million, or 29.88 cents, the year earlier, the Te Puke-based company said in a statement. That's better than its November forecast for a profit of $15 million-to-$17 million. Its profit margin ros...

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