trending Market Intelligence /marketintelligence/en/news-insights/trending/etrQq9g_WXjN2KmL0KPUAg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Comvita swings to profit in fiscal H1


What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Capital Markets View – February 2021


Latin America multichannel, broadband market 2020 recap


TMT News & Insights: February 2021

Comvita swings to profit in fiscal H1

Comvita Ltd. said its normalized net income for the fiscal first half ended Sept. 30 was 8 New Zealand cents per share, compared with a loss of 7 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NZ$3.3 million, compared with a loss of NZ$2.1 million in the prior-year period.

Total revenue rose 52.6% on an annual basis to NZ$91.1 million from NZ$59.7 million, and total operating expenses climbed 38.9% from the prior-year period to NZ$85.2 million from NZ$61.4 million.

Reported net income totaled NZ$3.2 million, or 8 cents per share, compared to a loss of NZ$3.2 million, or a loss of 10 cents per share, in the prior-year period.

As of Nov. 10, US$1 was equivalent to NZ$1.53.