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Hot Topic EARNINGS
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Whistleblower brings forward Comvita accounting irregularities

There was a ‘culture of pressure to perform’ at Comvita’s Chinese subsidiary, CEO admits.

Comvita produces and sells mānuka honey.

Kate McVicar Tue, 25 Feb 2025
Key points
  • Revenue: down 5.3% to $99.7m.
  • Loss: $6.5m.
  • Key takeaway: Comvita claims it’s confident it’s got to the bottom of recent accounting irregularities. 

Comvita's interim chief executive Brett Hewlett says he's "very grateful" to the staff who came forward and alerted the business about accounting irregularities.

The NZX-listed honey and wellness company had a whistleblower come forward, followed by other employees. “That takes a lot of courage

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Kate McVicar Tue, 25 Feb 2025
Contact the Writer: kate@nbr.co.nz
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Key points
  • Revenue: down 5.3% to $99.7m.
  • Loss: $6.5m.
  • Key takeaway: Comvita claims it’s confident it’s got to the bottom of recent accounting irregularities. 
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Whistleblower brings forward Comvita accounting irregularities
Investment,
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