Scales first-half profit falls on lower European apple prices, listing costs

Thu, 28 Aug 2014

By Suze Metherell Aug. 29 (BusinessDesk) - Scales Corp, the listed fruit and vegetables logistics company, said first-half profit fell 22 percent from a year earlier, reflecting lower apple prices and the one-off costs of its NZX listing. Profit was $20.6 million in the six months ended June 30, down from $26.4 million in the same period a year earlier, the Christchurch-based company said in a statement. Sales rose 3.4 percent to $150.2 million. Scales debuted on the NZX in July at $1.60 per share. Of the $148 million worth of shares...

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