BUZZ-New Zealand's Comvita falls on downbeat HY results

Reuters
25 Feb
BUZZ-New Zealand's Comvita falls on downbeat HY results

** Shares of Comvita CVT.NZ fall 2.6% to NZ$0.7600, their lowest level since February 4

** Natural health products manufacturer posts HY net loss attributable after tax of NZ$6.5 million ($3.73 million), compared with a loss of NZ$3.2 million a year earlier

** Co also reports HY revenue of NZ$99.7 million, down 5.3% compared with a year earlier

** CVT also expects sales to remain broadly flat through end of FY25

** 30,818 shares change hands, 3.1 times the 30-day average of 9,927

** Stock down 3.8% YTD, including current session's move

($1 = 1.7449 New Zealand dollars)

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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