Scales Corp forecasts 2017 earnings at upper end of guidance, sees improvement in 2018

Mon, 04 Dec 2017

By Rebecca Howard Dec. 5 (BusinessDesk) - Scales Corp now expects full-year earnings to be at the upper end of guidance on the performance of its horticulture division and new acquisitions. Earnings will rise in 2018, it said. Earnings before interest, tax, depreciation and amortisation are likely to be at the upper-end of previous guidance of between $55 million and $62 million in calendar 2017, the Christchurch-based company said in a statement. Ebitda in the prior year was $67.3 million. The company will pay an interim dividend of 9 c...

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