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

Rebecca Howard
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...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Pet food millionaire snaffles Taupō racetrack
Pattrick Smellie | Sat, 17 Apr 2021

Tony Quinn is adding Taupō's Bruce McLean Park to the motorsport facilities he already owns at Hampton Downs and Highlands.

Markets Exclusive
Market regulator blasts Australian 'culture of leaks'
Dan Brunskill | Sat, 17 Apr 2021

Leaks are threatening market integrity and should not be tolerated, NZ RegCo says.

The traditional office is dying a slow, painful death
Jehan Casinader | Sat, 17 Apr 2021

The modern workplace has been through various iterations in recent decades, but no one questioned why it existed in the first place.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.