Comvita Loss Not as Large as Forecast

NZPA, 8/23/2007

Honey products company Comvita today reported a $1.1 million June year loss, slightly down on the $1.2m it forecast on July 2.

Last year over the period it made a $944,000 profit.

It said it expected sales in the second half to be significantly above the same period last year and was expecting a "positive" result…

Comvita said FDA approval in the US and Canada for its advanced honey-based wound dressings had opened up the $US2.3 billion ($NZ3.33 billion) North American market via its strategic partner, Derma Sciences.