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...
Subscribe to BusinessDesk
Stay informed on business, government and financial developments across New Zealand.
- Stay informed on business, government and financial developments across New Zealand.
- Deeply researched, twice-edited and fact-checked news
- Annual subscribers also receive a complimentary subscription to The Wall Street Journal
- Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers
You can cancel anytime with two clicks, an email or a phone call.
Find out
more.
We are serious about journalism.
Or use the information you’ve already given Google to create your subscription.
Not convinced yet?
Subscribe to our free 7am Headlines newsletter.
A quick summary of everything BusinessDesk has published in the previous 24 hours. No BusinessDesk
subscription needed.