April 4, 2017 / 11:46 PM / 4 months ago

NZ's Comvita issues profit warning

1 Min Read

WELLINGTON, April 5 (Reuters) - New Zealand honey exporter Comvita Ltd issued a profit warning on Wednesday due to struggles with its informal channels into China.

The company said it expected net profit after tax to be NZ$9 million ($6.27 million) for the year ending June 30 2017, lower than the NZ$20 million to NZ$22 million forecast in February. ($1 = 1.4343 New Zealand dollars) (Reporting by Charlotte Greenfield; Editing by Stephen Coates)

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