Comvita Limited (NZX: CVT) Reports Strong China Market Sales During 11:11 Event

Wednesday 25th November 2020

Comvita is pleased to advise that it achieved strong sales in its China Subsidiary on 11:11 (Singles day) with revenue improved by 17% on last year in line with expectations. Comvita also recorded the third highest sales for any New Zealand brand across all categories during this event on Alibaba.

David Banfield, Comvita Group CEO commented “We are very pleased with the results that we achieved during 11:11 with sales year on year showing good double-digit growth. We are also delighted to be the third highest ranking New Zealand brand across all categories. This is as a result of our renewed focus on our World leading Mānuka honey and the benefit of having our own subsidiary and team on the ground in China.”

Comvita will update the market on its Interim results in February 2021 but in the meantime is pleased to report that October saw it deliver its tenth consecutive profitable month (Since January 2020).

See the link below for more details:

Covmita reports strong China market sales during 11:11event

Source: Comvita Limited

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