14 Sep 2011

Comvita expects higher profit

1:34 pm on 14 September 2011

Comvita has issued a profit upgrade, as sales continue to rise.

The medical honey products manufacturer expects to make $2.2 million in the first six months of its financial year compared to $400,000 in the same period last year.

It says sales are 18% higher than they were a year ago, with sales in Hong Kong and Australia exceeding expectations.

Comvita is forecasting a full year profit of $7.3 million compared with $3.6 million in 2010.