[28 February/The Country]

Due to weaker sales prices and increased on-orchard costs due to poor weather, Scales Corp posted a 17 percent drop in 2017 profit. Their net profit fell from $38.2 million in 2016 to $31.8 million in 2017. Scales Chair, Tim Goodacre, said that the Hawke’s Bay region experienced a difficult growing season as shown in the half-year results. However, he added that the horticulture team produced an overall export volume consisted with the record 2016 crop and an export pack out percentage in line with the prior year. Sales at their storage and logistics business rose 16 percent gain in 2017, while the Liqueo bulk liquids posted a 42 percent decrease in EBITDA, and the food ingredients business recorded a 19 percent gain in sales.