Scales lowers FY21 guidance on bad weather, global supply chain issues

Agribusiness group Scales Corporation’s full-year underlying net profit was in line with guidance, but bad weather and global supply chain disruption are putting a dampener on the current financial year.  The company said its full-year underlying net profit for the 12 months to Dec 31 was $33.8 million versus $36.4m in the prior year.  “The diversified strategy of the group provided us with a solid base from which to operate. The divisional mix of our earnings differed compared to prior years, with an exceptional performan...