UPDATE: Comvita lifts FY profit 28% to record as Asian tourists help drive sales growth

Fri, 22 May 2015

(Adds comment from CEO Hewlett) By Suze Metherell May 22 (BusinessDesk) - Comvita, the Te Puke-based maker of health products based on manuka honey, beat its guidance with a 28 percent gain in annual profit and said purchases by Asian tourists to New Zealand helped drive sales. Profit rose to a record $10.2 million in the year ended March 31, up from $8 million a year earlier, and exceeding the $9.5 million it flagged in April. Sales rose 32 percent to $152.7 million, the company said in a statement. The board declared a dividend of 9...

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