2022 Interim Results announcement

Scales Corporation Limited (NZX: SCL) has reported its 1H22 results, with an outstanding performance by its Global Proteins division, steady earnings from its Logistics division and lower Horticulture results.

This, together with their divisional strategy and growth opportunities, has led to a renaming of the Food Ingredients division to Global Proteins.

The company’s updated guidance for 2022 is an Underlying Net Profit range of $35 million to $43 million and Underlying EBITDA range between $65 million and $75 million.