SCL
31/07/2015 14:00
GENERAL
PRICE SENSITIVE
REL: 1400 HRS Scales Corporation Limited
GENERAL: SCL: Scales Corporation - Market update
NZX Announcement
31 July 2015
Scales Corporation market update
Scales Corporation wishes to update the market on the following:
o The Horticulture division's Mr Apple has nearly completed packing of the
2015 harvest, with export grade apple volumes approximately 13% ahead of
Prospectus forecasts.
o The higher percentage of both premium apples and percentage of sales to
Asia and Near Markets is expected to result in a higher average price per
carton than Prospectus forecasts.
Managing Director Andy Borland says: "In addition, apple selling prices and
quality have held up well in many of our export markets."
Management are currently assessing this information, and updating management
accounts, in conjunction with preparation of the interim results for the
Group. Once this is complete, management and the Directors will also assess
the impact on the Group's full year forecast.
The Directors will provide further guidance on completion of this exercise,
prior to the release of the 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:00267785 For:SCL Type:GENERAL Time:2015-07-31 14:00:28
