Capilano Honey Ltd Improvement in honey stocks

Improvement in honey stocks: Capilano Honey Ltd (ASX: CZZ), Australia’s leading packer and marketer of honey, is known to actively acquire complementary businesses and brands for better prospects; and expects growth from increasing consumer interest in health and wellness, and improving economic growth. The group has also increased its supplier base and is focusing on producing more premium products in the future. For FY17, CZZ reported a subdued revenue profile ($133.1 million), while posting 9% yoy growth in net profit at $10.3 million. Earnings before interest and tax was up slightly to $14.1 million. The drop-in sales were led by unfavourable impact of changes to net pricing with a key customer as it reduced revenue by ~$3.4 million. On the other hand, FY17 was a year of consolidation for the company delivering a strong balance sheet with lower debt. In July 2016, a capital gain of $2.1 million

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