Posts tagged "Scales Corp"

Volume pushes Scales profit up

[29 August/Farmers Weekly] Higher apple volumes and prices increased profits for Scales Corporation. It was waiting for confirmation of its sale of its Polarcold business. All its divisions traded strongly, but Mr Apple subsidiary accounted for around 75 percent of its earnings. An improved growing season meant fruit volumes were much higher. Scales Corp Managing...

Scales to sell cold storage unit to US-based Emergent Cold

[9 May/NZ Herald] Scales Corp will sell its cold storage businesses to US cold chain company, Emergent Cold. The deal will be for $151.4 million. Scales Corp Chairman, Tim Goodacre, said the Group’s strengths were operating fully-vertically integrated agriculture businesses, participating in businesses with an export focus and adding value through connection to the China...

Scales Corp profit slumps 17% on weaker prices

[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...

Scales lifts 2016 annual profit 6pc on business expansion, international demand

[28 February/ New Zealand Herald] New Zealand’s largest apple exporter Scales Corp has seen a 6 percent profit increase due to business expansion. Profit figures increased to $38.2 million in 2016 from $35.9 million in the prior year. Last year Scales acquired Hawkes Bay apple business Longview, and secured China Resources Ng Fung as a...

Scales Corp first half profit leaps 59 per cent

[27 August/ Business Day] Scales Corp has posted a second-half profit of $33.2 million, an increase of 59 percent on its first-half profit. Scales Corp Managing Director, Andy Borland said the result reflected strong performance across all divisions, particularly in the company’s Mr Apple business. Mr Borland said the company’s full-year result is likely to...