New Zealand's Comvita falls on downbeat HY results

Comvita

24/02/2025 22:50

** Shares of Comvita  CVT.NZ  fall 2.6% to NZ$0.7600, their
lowest level since February 4
    ** Natural health products manufacturer posts HY net loss
attributable after tax of NZ$6.5 million ($3.73 million),
compared with a loss of NZ$3.2 million a year earlier
    ** Co also reports HY revenue of NZ$99.7 million, down 5.3%
compared with a year earlier
    ** CVT also expects sales to remain broadly flat through end
of FY25
    ** 30,818 shares change hands, 3.1 times the 30-day average
of 9,927
    ** Stock down 3.8% YTD, including current session's move 

($1 = 1.7449 New Zealand dollars)

 (Reporting by Manasi Dasa in Bengaluru)
 ((Manasi.DasaSundeep@thomsonreuters.com;))