Christchurch-based Scales Corporation has revealed it is on track to post a net profit of NZ$20.8m for 2014, retaining the forecast from its June prospectus.
In a release issued yesterday, the listed company said it would officially report its earnings from the current calendar year in February (2015), although a strong performance from its horticultural unit in Asian and Middle Eastern markets had prompted hopes of hitting the target.
The news comes as the group’s apple grower-packer-exporter, Mr Apple, revealed it was well positioned to meet its 2015 crop estimates of 2.72m cartons, according to Scoop Media. Mr Apple is New Zealand’s largest apple exporter.
Scales Corporation posted a net profit of NZ$20.4m for the 2013 calendar year, up from NZ$13.6m in 2012.
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