Scales Corporation, a New Zealand-based company involved in apple production and logistics, has reaffirmed its guidance for the 12 months ending December.
The company expects an underlying profit after tax in the range of $14-19 million for the current year. Additionally, the forecast for the next year's underlying profit is expected to be between $30-35 million, aligning with pre-COVID levels.
Despite challenges faced in 2023, including the impact of Cyclone Gabrielle on its Hawke's Bay staff, Scales Corporation expressed pride in the resilience shown by its team. The horticulture division is anticipated to return to more normal trading, with a promising 2024 apple crop currently on the trees.