Scales raises 2016 annual earnings forecast as horticulture unit shines

Mon, 05 Dec 2016

By Tina Morrison Dec. 6 (BusinessDesk) - Scales Corp, the best-performing stock on the S&P/NZX 50 Index this year, raised its forecast for annual earnings with the apple company citing improvement across all its divisions and a standout performance from its horticulture unit. Earnings before interest, tax, depreciation and amortisation are expected to be between $66 million and $69 million in calendar 2016, ahead of an earlier forecast of between $55 million and $62 million, and representing an increase of between 7.5 and 12 percent on...

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