Scales Corp has reported a strong recovery in earnings for the first half of 2024, with underlying net profit after tax (NPAT) attributable to shareholders of $28.5 million, up 97% from the same period last year.
The horticulture division was a key driver of the company's performance, as it returned towards pre-cyclone levels, resulting in a 162% increase in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to $30m.
The global proteins division also delivered a consistent result, while logistics benefited from higher volumes.
Scales confirmed that its full-year underlying NPAT was expected to be within the previously advised range of $30m to $35m.
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