NZ's Comvita hits 45-month low on weak HY results, FY19 forecast

Comvita

26/02/2019 24:12

** Shares of health products maker Comvita Ltd  CVT.NZ  fall
as much as 19.7 pct to NZ$4.150, their lowest since May 22, 2015
    ** Co posts HY net loss after tax of NZ$2.7 mln ($1.9 mln)
compared to a profit of NZ$3.7 mln, a year ago  urn:newsml:reuters.com:*:nFWN20K13I
    ** HY revenue falls to NZ$77.7 mln from NZ$83.6 mln
    ** Co expects FY19 results to fall short of FY18's net
profit after tax of NZ$8.2 mln
    ** Stock posts its biggest intraday pct fall since Jan. 23,
2017
    ** Over 62,100 shares change hands, compared with the 30-day
average of 16,169 shares
    ** Co's stock has risen 6.6 pct this year as of last close
    
($1 = 1.4526 New Zealand dollars)

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