Scales Corporation has increased its earnings guidance for the 2024 financial year.
The company now expects underlying net profit after tax, attributable to shareholders, to be between $40 million and $45m.
This is higher than the previous guidance range of $37m-$42m.
Scales' strong performance in the first half of the year, particularly in its horticulture division, which experienced good growing conditions and higher-than-expected apple export volumes, contributed to the increased guidance.
The global proteins and logistics divisions are also trading positively.
The sale and leaseback of Mr Apple's Whakatu Coolstore for $24m, which will settle in August, was also announced.
Scales Corporation is a diversified agribusiness group with operations in New Zealand, Australia, the United States, and Europe.
See more
