Posts tagged "Scales Corporation"

Meat company targets $134 billion global pet food market

[12 March/Stuff NZ] Alliance Group, an export meat company, has invested in a pet food business. David Surveyor, Chief Executive of Alliance Group reports that this investment coincides with major growth in the industry as animal lovers are seeking high quality protein food for their pets. The global sales forecast is set to reach up...

Record Mr Apple performance boosts Scales Corp

[29 August/NZ Herald] Mr Apple saw its exports rise 69,480 tonnes which helped its parent company, Scales Corporation, achieve a half year profit of $34.8 million. Scales Corporation Managing Director, Andy Borland, said exports from its Mr Apple business grew 9 percent. He added export demand was strong, particularly in Asia. He noted the return...

Scales Corp sells Timaru liquid storage business

[23 August/The Country] Scales Corporation Limited has announced that it is selling its Timaru bulk storage business, Liqueo, to SBT Group. Scale’s Managing Director, Andy Borland, said Liqueo enjoyed strong growth with a long term storage contract set to run for another 18 years. He added the operation was sub-scale in the context of the...

Scales shares down after first-half profit drops 14% after bad weather, reaffirms annual guidance

[24 August/New Zealand Herald] Scales Corporation has announced a net profit of $29 million for the six months to 30 June 2017 compared to $34 million in the prior comparative period. The company reported a 3% increase in revenue. Scales noted that the Hawkes Bay region had experienced than heavier than normal rainfall but the...

Scales to buy Hawke’s Bay apple grower Longview

 [3 November/ National Business Review] Scales Corporation has agreed to buy 100 percent of the shares in Longview Group Holdings, a Hawke’s Bay apple grower and marketer, for $20.5 million. The deal would increase Scales Corporation’s earnings per share by 4 percent in the 2017 financial year. Scales Managing Director, Andy Borland said the company’s...

Scales’ sales beat target

[26 February/ Otago Daily Times] Scales Corporation’s profit has reached record levels due to increased sales of premium apple brands. Scales Corporation Chairman, Jon Mayson said all three divisions reported an increase in contribution above the initial public offering forecast, with the horticulture division having performed exceedingly well during 2015. Mr Mayson said exports to...