Report

Revision of key operating milestones

Oceania Natural (ONL) is an early-stage New Zealand company involved in producing and distributing natural food and diet supplements sourced from New Zealand and the Pacific Islands, and sold both domestically and in the People’s Republic of China. Following a review of internal forecasts, the company has restated key operating milestones (KOMs) for the year to March 2017, reflecting the fact that it has not been possible to accept pricing expectations of distributors for manuka honey products for Q4. A fuller discussion of trading conditions will form part of the Business Update, due by 31 January 2017.
Underlying
Oceania Natural

Oceania Natural Limited (ONL) is engaged in the wholesale business of providing Honey products, Noni juice, dietary supplements and promotion services in New Zealand and China. The Company produces and distributes products derived from natural food ingredients, including New Zealand Manuka honey, as well as Noni fruit sourced from the Cook Islands. Its segments include Domestic market and Overseas market. Its Domestic market segment is engaged in the provision of honey, Noni juice and dietary supplement products to New Zealand customers. Its Overseas market segment is engaged in the provision of honey, Noni juice and dietary supplement products to China customers. It sells its products in China, where it has a network of distributors marketing its products under Rich Garden brand. The Company also sells direct from its Websites and through a range of online trading platforms in China. The Company's subsidiaries include Camsing Trading Limited and Rich Garden Limited.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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