Scales signals earnings growth from reshaped business

Sun, 19 May 2019

By Gavin Evans May 20 (BusinessDesk) - Scales Corp says full-year operating earnings from its reshaped business may rise as much as 13 percent. The agri-business, which last year sold its cold stores and liquid storage operation to expand its petfood interests, expects underlying net profit of $32-37 million for the year ending December 31. It reported $35.8 million for the 2018 year. Scales says the estimate is before the deduction of non-controlling interests in subsidiaries. In 2018, Scales owned 73 percent of Hawke’s Bay apple mark...

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