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

Fri, 26 Feb 2021

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...

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