Shareholders in Te Puke-based Comvita New Zealand will know today whether their loyalty was well-placed when the manuka honey company reports its result for the year to March.
The company successfully fought off a $2.50 a share takeover bid last October from Singapore-based Cerebos Pacific.
At the time, a valuation conducted by consultants Grant Samuel put Comvita's value at $3.40 to $4 a share, which was well in excess of what Cerebos was prepared to pay.
Cerebos' argument was that Grant Samuel's valuation had assumed a consistent earnings record, which is something Comvita had struggled to achieve over the years.
Just before Cerebos made its move, Comvita forecast a normalised net profit of $7.3 million to $8.2 million and sales of $91 million to $95 million for the year.