Health and beauty company Comvita has announced yearly net profit of $8.2 million.

Cerebos Pacific says it may "just walk away'' from its takeover bid for New Zealand-listed honey company Comvita.|

Cerebos' $71.6 million bid to buy Comvita undervalues the local honey maker by as much as 38 per cent, according to the independent adviser's report.

Comvita's new skincare range honours ambitions of 101-year-old founder.

Too good just for toast, slather honey on your skin, writes Janetta Mackay.