SCL
13/08/2015 10:29
FORECAST
PRICE SENSITIVE
REL: 1029 HRS Scales Corporation Limited
FORECAST: SCL: Scales Corporation - 2015 profit upgrade
NZX Announcement
13 August 2015
Scales Corporation upgrades profit guidance
A strong year-to-date performance, in particular in the Horticulture
division, has resulted in Christchurch-based Scales Corporation now expecting
to exceed the 2015 earnings forecast advised to the market in its June 2014
prospectus.
Forecast EBITDA for 2015 is now expected to exceed the prospectus forecast of
$41.2m by between 25 and 35 percent.
The Directors will provide further detail on trading at the time of release
of the Group's interim results on 27 August 2015.
Contacts
Andy Borland, Managing Director, Scales Corporation Limited, Mob: 021-975
999,
email: [email protected]
About Scales Corporation
Scales is a diversified agribusiness portfolio. It comprises three operating
divisions: Horticulture, Storage & Logistics and Food Ingredients. The
company's diverse spread of activities gives Scales broad exposure to New
Zealand's agribusiness sector. Scales was founded in 1897 as a shipping
business by George Herbert Scales. Today it employs more than 400 staff New
Zealand wide. Find out more at www.scalescorporation.co.nz
End CA:00268352 For:SCL Type:FORECAST Time:2015-08-13 10:29:13
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