I like the first page of the presentation .... POISED FOR TAKEOFF ..... lol in what year are we talking about cause the result was terrible and there going back to those bad days off to much debt and inventory again :scared:
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I like the first page of the presentation .... POISED FOR TAKEOFF ..... lol in what year are we talking about cause the result was terrible and there going back to those bad days off to much debt and inventory again :scared:
Bad result. Suspicious of any company that makes EBITDA the P&L focus in its announcements.
There is nothing wrong with this "Investment in inventory"
Turn "raw materials " to "finished goods" need capital input
The "raw materials " inventory reduced $20.1m. "finished goods" increased $17.2m, they are ready to sell.
"Honey harvest
Whilst too early to confirm the results of this year’s honey harvest, Comvita has experienced strong performance to date, with early indications of significantly enhanced quality of yield delivered in its forests. Due to a change in accounting treatment, Comvita is not forecasting any contribution to group profits from its Apiary division during FY24, but this will benefit FY25 and FY26 due to lower average cost of sales as a result of this change."
https://www.nzx.com/announcements/426525