Scales Corp shares rise to record after annual earnings upgrade

Wed, 12 Aug 2015

By Tina Morrison Aug. 13 (BusinessDesk) - Shares in Scales Corp jumped to a record after New Zealand's biggest apple exporter said it expects to beat its forecast for annual earnings following a strong performance from its horticulture unit. Earnings before interest, tax, depreciation and amortisation is expected to be 25 to 35 percent higher than its prospectus forecast of $41.2 million in calendar 2015, the Christchurch-based company said in a statement. In February, the company said it beat its 2014 Ebitda forecast by 2.7 percent to $3...

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