2021 Annual Results announcement

Scales Corporation Limited (NZX:SCL) reported a strong performance for the year to 31 December 2021.

With reported NPAT of $36.9 million, up 39 per cent on FY2020, and Underlying NPAT of $29.7 million, up 8 per cent on FY2020, the diversified agribusiness group attributed its success to its diversified strategy across all divisions.

The company declared dividends of 19.0 cents per share.

It expects to declare a final dividend in respect of FY2021 in May, with payment in July.

The Board reconfirms the Underlying Net Profit Attributable to Shareholders guidance for the group to be between $23.5 million and $28.5 million.