Scales Corp tips marginal improvement for second half

Weather, labour, logistics and international markets affected Scales' horticulture division. (Image: Getty)

Wed, 24 Aug 2022

Agribusiness group Scales Corp reported an 11.7% fall in underlying net profit attributable to shareholders in the six months to June 30 but was more positive about the full year. The underlying net profit attributable to shareholders was $25.6 million, down from $29m in the prior year. According to Scales, the underlying numbers more accurately show the change in operational performance of the group.Reported net profit attributable to shareholders, however, was down 8% at $26.1m. Scales expects challenges in global logistics to...

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