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Comvita stung by $19.8m goodwill writeoff

The honey business' profit dropped $36m but shares are on the up.

Andrew Bevin Fri, 23 Aug 2019

Honey products firm Comvita has reported a $27 million loss for the year ended March 31 after writing off $19.8m in goodwill.

However, the share price has gained 6.9% to $2.80 since the announcement.

The results, due to be released on Tuesday, were pushed back to later in the week while the

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Andrew Bevin Fri, 23 Aug 2019
Contact the Writer: andrew@nbr.co.nz
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Comvita stung by $19.8m goodwill writeoff
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