Auditor tags Comvita accounts with ‘material uncertainty’
KPMG says that if proposed takeover of listed honey company fails then there is uncertainty as to how it will meet its debt obligations.
Comvita’s accounts have been tagged with a material uncertainty.
The auditor of Comvita, KPMG, has tagged the NZX-listed honey company's accounts with a "material uncertainty" related to its ability to keep trading.
Comvita in August reported a 4.1% drop in revenue to $192.4 million for the year ending June 30. Meanwhile, the company’s net loss after tax has
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