Scales says full-year earnings may exceed prospectus, to pay 3 cent interim dividend

Sun, 23 Nov 2014

By Suze Metherell Nov. 24 (BusinessDesk) - Scales Corp, the fruit and vegetable logistics company, will pay a 3 cent per share interim dividend and says annual earnings may beat guidance in its prospectus. According to its June prospectus, the Christchurch-based company expects annual profit of $15.9 million in 2014 and forecast a dividend of between 9.4 cents per share and 9.6 cents per share. In announcing its interim dividend Scales said "it remains on track to meet, if not slightly exceed, its 2014 PFI forecast profit." Debt was al...

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