bees, honey and other sticky subjects

Friday, December 17, 2004

Comvita disappoints

Comvita, the KIWI natural products company focusing on bee products, that floated earlier this year has had it's first stinging attack on the stock exchange. Its profits failed to live up to forecasts (by about a third) and its share price has fallen back to NZ$2.10, just 5 NZcents above its original flotation price. The CEO concedes that the company has had a bout of indigestion.


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