[5 April/ NZ Herald]

After honey maker Comvita fell short of market expectations and announced it was likely to fall into operating loss in the current financial year, investors have left the brand. The company attributes the loss to a poor harvest and trouble in the unofficial daigou trade channels with China, expecting to bring the company to $7 million operating loss for the June financial year. Comvita’s share price dropped by 17 percent┬áto $7.10 after its announcement. Comvita said it had assumed that the informal channels out of Australia and New Zealand into China would not recover to earlier forecast levels before its June balance date.