Scales says diversified exports mitigate covid-19 impact

Wed, 26 Feb 2020

Agribusiness Scales Corp’s full year underlying net profit was near the top end of its guidance and it expects a wider spread of export markets to mitigate the impact of covid-19, although it noted the situation is uncertain.Scales said underlying net profit for calendar 2019 was $36.4 million, up 2 percent from the previous year. It had forecast a result of between $32 million and $37 million. Group revenue from continuing businesses were a record $484.6 million, up 20 percent on the year.Reported net profit was $121.6 million versus $45.5 mil...

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