Scales sticks to guidance, despite net profit plunging

Scales corporation's first-half results have been affected by weather events. (Image: Getty)

Wed, 23 Aug 2023

The owner of Mr Apple is sticking to its forward guidance for 2023, despite reported net profit attributable to shareholders plunging 85% on last year's half-year results.Scales Corp's recorded a 43.5% fall in underlying net profit after tax (NPAT) for the six months to June 30, from $25.6 million in the first half of last year to $14.5m – along with a drop in underlying earnings before interest, tax, depreciation and amortisation (Ebitda) of 25.1% from $55.4m to $41.5m.There was also a decline in reported NPAT attributable t...

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