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Scales lifts full-year guidance after solid first half

Rebecca Howard
Wed, 25 Aug 2021

Diversified focus is helping Scales weather covid-19. (Image: Supplied)
Rebecca Howard
Wed, 25 Aug 2021
Agribusiness Scales Corp lifted its full-year guidance range after reporting a solid jump in half-year net profit.Underlying net profit is now expected to be between $32 million and $37m, implying underlying earnings before interest, taxes, depreciation, and amortisation (ebidta) of between $65m and $72m.It had previously signalled underlying net profit would be between $27.5m and $33.5m, implying an underlying ebitda of between $46.5m and $53.5m.Half-yearThe company said its reported net profit – including non-controlling interests &ndas...

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Arvida's $345m purchase a sharp deal with development opportunities
Jenny Ruth | Tue, 19 Oct 2021

Arvida is raising more capital than it needed to complete the Arena transaction.

Auckland to stay in level 3 lockdown until Nov 1
Ian Llewellyn | Mon, 18 Oct 2021

PM Ardern says it is hard but Auckland must remain in alert level 3 until vaccination rates get up.

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