Comvita ‘exploring all options’ to cut debt
The sale of inventory has reduced net debt by $18.6m, but additional action is needed, says the honey company.
In December Comvita said it had identified accounting irregularities affecting sales in China and Singapore.
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Honey producer Comvita has warned “additional action” will be needed to reduce its debt amid ongoing talks with lenders on relief from debt covenants.
In a statement to the NZX this morning, Comvita said a sell-down of inventory had helped reduce net debt to $63 million this month, from $81.6m
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