Brief: Comvita Ltd Reports Fy Net Loss Nz$9.7 Million Versus Loss Of Nz$27.7 Million

Comvita

23/08/2020 21:41

Aug 24 (Reuters) - Comvita Ltd  CVT.NZ :
    * COMVITA LTD - EXPECTS TO SEE A FURTHER IMPROVEMENT OF 150
BASIS
POINTS IN GROSS MARGIN BY END OF FY21
    * COMVITA LTD - HAS REDUCED UNDERLYING FIXED COSTS BY $1.9M
AS AT
END OF FY20 AND EXPECTS AN ADDITIONAL $2.5M BENEFIT IN FY21
    * COMVITA LTD - FY REVENUE INCREASED TO NZ$196M, UP 14.5%
    * COMVITA LTD - FY NET LOSS NZ$9.7 MILLION VERSUS LOSS OF
NZ$27.7
MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nNZW9pP8VT
Further company coverage:  CVT.NZ 

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