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Comvita Ltd (CVT.NZ)

CVT.NZ on New Zealand Stock Exchange

7.15NZD
26 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Comvita expects FY after tax operating loss of NZ$7 mln
Tuesday, 4 Apr 2017 06:01pm EDT 

Comvita Ltd : Expects after tax operating loss for financial year ended 30 June 2017, in order of NZ$7mln .FY reported net profit after tax is now expected to be about NZ$9 mln after including sale of Medihoney IP and shares in Derma Sciences, Inc.  Full Article

Comvita Limited says sold Medihoney® brand and related intellectual property to Derma Sciences
Wednesday, 11 Jan 2017 04:06pm EST 

Comvita Ltd : Comvita to realise nz$30m from us transactions . Sold its medihoney® brand and related intellectual property and goodwill to its long term US partner Derma Sciences, Inc in a comprehensive transaction . Proceeds will initially be applied to debt reduction and then for funding strategic initiatives and potential acquisitions .Medihoney transaction will be unaffected by Derma Sciences acquisition by Integra.  Full Article

Comvita says 15 months to 30 June 2016 NPAT is NZ$18.5 mln
Monday, 22 Aug 2016 05:30pm EDT 

Comvita Ltd : Says 15-month sales 2016 NZ$231M versus nz $153M . Says 15 months to 30 June 2016 NPAT NZ$18.5 million versus NZ$10.2 million . Says final dividend of 2 cents per share . Says USA business is expected to break even in FY 2017 after making good sales growth from a small base in FY 2016 .  Full Article

Comvita Ltd announces joint venture with Putake Group
Tuesday, 24 May 2016 05:04pm EDT 

Comvita Ltd : Comvita and Putake Group announce joint venture . Says jv with Putake aligns with the Comvita strategy of securing supply to meet the global demand for manuka honey . Consideration for the acquisition will include $2 million of Comvita shares, based on a 20 day volume weighted average price . Co and Putake Group Limited announced their agreement to form a 50:50 joint venture .  Full Article

Comvita Ltd posts FY after tax profit of NZ$17.2 mln
Monday, 9 May 2016 05:09pm EDT 

Comvita Ltd : Says board has decided to pay a fully imputed 2nd interim dividend of 10 cents per share . For 12 month period ending 31 March 2016, Comvita recorded an unaudited after tax profit of NZ$17.2 million .  Full Article

Comvita Ltd appoints Chief Executive Officer
Monday, 28 Sep 2015 08:46pm EDT 

Comvita Ltd:Says Scott Coulter, the company’s Chief Operating Officer and Deputy CEO, has been appointed Chief Executive Officer.Coulter will take over from departing CEO, Brett Hewlett, effective Oct. 05.  Full Article

Comvita Ltd announces change in management
Wednesday, 22 Jul 2015 10:07pm EDT 

Comvita Ltd:Says Brett Hewlett will be stepping down as CEO of Comvita on 31 March 2016.  Full Article

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