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Comvita to reduce costs a further $10m on ‘prolonged weakness’

Listed honey company has reduced 2024 earnings guidance and says 2025 target very unlikely to be met.

NBR Staff Mon, 20 May 2024

NZX-listed honey and wellness business Comvita will look to remove a further $10 million in costs in the 2025 financial year after “prolonged weakness” in demand saw it reduce guidance for the next two years.

The company, which in February said it had received an indicative, non-binding

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NBR Staff Mon, 20 May 2024
Contact the Writer: editor@nbr.co.nz
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Comvita to reduce costs a further $10m on ‘prolonged weakness’
Investment,
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