Market update
MKTUPDTE
Tue, Jun 15 2021 04:00 pm
15 June 2021
SCALES CORPORATION – MARKET UPDATE
Scales Corporation Limited (Scales) today announces that it is no longer participating in the sale process for Villa Maria. Due diligence and other transaction costs incurred during the process will be recognised in Scales’ half-year results to 30 June 2021. Scales reiterates market guidance previously given for the full 2021 year, noting that transaction costs are not included in Underlying earnings.
Steve Kennelly
Chief Financial Officer
Scales Corporation Limited
+64 3 371 2263 / +64 274 317587
www.scalescorporation.co.nz
About Scales Corporation
Scales Corporation is a diversified agribusiness group. It comprises three operating divisions: Horticulture, Food Ingredients and Logistics. The company’s diverse spread of activities gives Scales broad exposure to New Zealand’s agribusiness sector. Scales Corporation was founded in 1897 as a shipping business by George Herbert Scales. Today it has operations across New Zealand, Australia and the United States. Find out more at www.scalescorporation.co.nz.
Announcement PDF
Markets News
Markets
Market close
NZ sharemarket down 0.38%
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
Markets
Forsyth Barr initiates full Turners coverage
Forsyth Barr says a premium valuation is now warranted.
Economy
The kiwi dollar is falling prey to the bears
The only worst performer is the Norwegian krone.
