Brief: Comvita Ltd Posts HY Net Loss After Tax Of NZ$2.7 Mln

Comvita

25/02/2019 20:44

Feb 26 (Reuters) - Comvita Ltd  CVT.NZ :
    * HY NET LOSS AFTER TAX OF NZ$2.7M VERSUS PROFIT NZ$3.7M
    * HY REVENUE NZ$77.7 MILLION VERSUS NZ$83.6 MILLION
    * FY19 RESULT WILL FALL SHORT OF NET PROFIT AFTER TAX OF
NZ$8.2M
ACHIEVED IN FY18
    * NEW REVENUE OPPORTUNITIES IN NORTH AMERICA & EUROPE WHILE
STILL
IN PROGRESS, WILL MATERIALIZE EITHER LATE IN FY19 OR EARLY FY20
    * FY NET PROFIT AFTER TAX TO BE IMPACTED BY H1 HONEY
PRODUCTION
ISSUES; FY NET PROFIT AFTER TAX WILL BE LOWER THAN NZ$8.2
MILLION REPORTED IN FY18

Source text for Eikon:  ID:nNZW6QtRSm 
Further company coverage:  CVT.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))