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Comvita misreports sales, overstates after-tax earnings

Accounting irregularities from Comvita's China subsidiary hinder results by about $2 million.

Comvita's wellness lab.

Kate McVicar Mon, 09 Dec 2024

Accounting "irregularities" from a Chinese subsidiary of Comvita has led to misreporting of sales and accounts receivables, with a broader effect on post-tax earnings. 

In a market update this morning the NZX-listed honey company reported accounting irregularities from the subsidiary had been

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Kate McVicar Mon, 09 Dec 2024
Contact the Writer: kate@nbr.co.nz
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Comvita misreports sales, overstates after-tax earnings
Investment,
107090
true