https://www.nzx.com/companies/CVT/announcements/299458
"Comvita announced today that the two major downside risks communicated in our previous market announcements of 23 January and 21 February 2017 have both come to bear, and we now expect that the direct impact of these two situations will result in an after tax operating loss for the financial year ended 30 June 2017, in the order of $7m."
Massive profit downgrade from Jan 2017 forecast that "2017 after-tax operating earnings will be in the range of $5-7m".
So downgrades do come in threes!