Scales to pay bigger dividend after raising annual earnings guidance

Thu, 10 Dec 2015

By Paul McBeth Dec. 11 (BusinessDesk) - Scales Corp, the country's biggest apple exporter, will pay a bigger dividend to shareholders after again raising annual earnings guidance as a record apple crop drove its horticulture unit, but said it wasn't likely to be repeated in 2016. Earnings before interest, tax, depreciation and amortisation are expected to be between $60 million and $63 million in calendar 2015, up from $39.8 million a year earlier, and beating the $41.2 million forecast in the company's prospectus, it said in a statement...

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