SCL
12/05/2016 08:56
DIVIDEND
NOT PRICE SENSITIVE
REL: 0856 HRS Scales Corporation Limited
DIVIDEND: SCL: Final Dividend - 2015 Financial Year
NZX & Media Release
12 May 2016
FINAL DIVIDEND - 2015 FINANCIAL YEAR
Diversified listed agribusiness Scales Corporation Limited (NZX:SCL) has
declared a fully imputed final dividend for the 2015 Financial Year of 6.5c
per share. This is in line with the previously announced intention to pay
equal interim and final dividends.
Taking into account the 6.5c interim and 4c special dividends paid in January
2016, dividends for the 2015 year total 17c per share, beating the company's
June 2014 prospectus forecasts of up to 10.7c per share. The total dividends
for the 2015 financial year represent 66% of underlying net profit after tax,
which is within the stated dividend policy payout range.
The final dividend is payable on 8 July 2016, with a record date of 29 June
2016
Directors' comment
Scales' directors remain positive with regard to 2016 financial performance,
with all three divisions (Horticulture, Storage & Logistics and Food
Ingredients) trading well during the first quarter of 2016 and including this
year's apple harvest.
An update will be provided at the annual meeting scheduled for Wednesday 8
June at 4.30pm in Christchurch.
Contact
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
division 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:00282248 For:SCL Type:DIVIDEND Time:2016-05-12 08:56:43
