Honey supply is now returning to normal levels following an above-average summer flowering season.

The Te Puke-based company expects a net profit of $7m in the year ending March 31, down from $8.2m a year earlier which it had expected to beat.

The estate comprises some 7000 certified organic olive trees, with room for further plantings.

The Te Puke-based company will add 3500 beehives to its supply base after buying the apiary.

Research project concludes fresh olive leaf extract "improves the way insulin is secreted and works in overweight men".