New Zealand business news website brief: Comvita (NZX:CVT) is pleased to provide an update on its trading performance to the end of April, with an unaudited EBITDA of $23.9M and forecasting EBITDA of $27-$30M for the full year ending June 2022.
Unaudited operating profit has increased by 29% year on year.
Despite global supply chain disruption and inflationary pressures, Comvita is mitigating and offsetting these, with demand in its Hong Kong SAR subsidiary returning to pre Covid levels and the Group having increased inventory to maintain service levels.
Group CEO David Banfield remains confident in Comvita's ability to deliver results and meet its 2025 strategic plan.
See more
