Scales weathering covid but still downbeat on FY

Wed, 26 Aug 2020

Agribusiness group Scales Corporation weathered the global pandemic in the first half but remains fairly downbeat about the full year. Underlying net profit was $29.2 million in the six months to June 30 versus $30.1 million in the same period a year earlier, as all divisions were deemed essential throughout the lockdown and horticulture saw a record export crop. However, “we continue to anticipate that our full year underlying net profit will be at the bottom end of our previously advised guidance range of between $30.0 million and $36.0...

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