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New Zealand Beekeeping Forums
Bees in the Media
Manuka honey company sold for $36m
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<blockquote data-quote="Alastair" data-source="post: 4622" data-attributes="member: 13"><p>QUOTE - "Total gross revenue of the company for the year was $1.5m. After deducting the value of marketing services provided by a customer, total group revenue was $1.1m, a 102% increase on the prior year.</p><p>The company recorded an operating loss of $2.9m, an increase of $2.1m on the operating loss of $0.8m recorded in the prior year. Sales are expected to escalate over the 12 months to 31 March 2022 as the company continues to execute the Invest and Grow strategy. Based on the new distribution agreements achieved in FY21 and traction to date, gross revenue for FY22 is expected to be at least $3m".</p><p></p><p>[URL unfurl="true"]https://www.nzx.com/announcements/373141[/URL]</p></blockquote><p></p>
[QUOTE="Alastair, post: 4622, member: 13"] QUOTE - "Total gross revenue of the company for the year was $1.5m. After deducting the value of marketing services provided by a customer, total group revenue was $1.1m, a 102% increase on the prior year. The company recorded an operating loss of $2.9m, an increase of $2.1m on the operating loss of $0.8m recorded in the prior year. Sales are expected to escalate over the 12 months to 31 March 2022 as the company continues to execute the Invest and Grow strategy. Based on the new distribution agreements achieved in FY21 and traction to date, gross revenue for FY22 is expected to be at least $3m". [URL unfurl="true"]https://www.nzx.com/announcements/373141[/URL] [/QUOTE]
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New Zealand Beekeeping Forums
Bees in the Media
Manuka honey company sold for $36m
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