Paengaroa based honey product maker Comvita's audited net profit after tax for the financial year ending March 2011 is $503,000 on sales of $82m.
This compares with a net profit after tax of $5m and sales of $84.9m in the previous year.
This result includes a number of ‘one off' items and non cash adjustments relating specifically to the 2011 year. On a normalised basis, after adjusting for these items, the net profit after tax is $3.6m.
The directors have declared a fully imputed dividend of three cents per share payable on June 24 for shareholders on the register on June 17.
3 comments
YAY Comvita
Posted on 25-05-2011 22:33 | By bringa
A shining example of a very successful local sustainable business - may many more companies like Comvita come to be in this time of the double crisis's of climate change and economic crisis's
Excuses excuses -------
Posted on 27-05-2011 09:59 | By Hebegeebies
Steady result I doubt it someone else said it was a poor result more like it .Judge for yourself a 90% drop in net profit never mind the window dressing.
SOME QUARTERS AN UNACCEPTABLE RESULT
Posted on 27-05-2011 21:00 | By YOGI
They actually made a profit, that at TCC would never be acceptable!
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