Scales bottom-line profit came to $26.6m, down from $121.6m in 2019, the prior period's number having been inflated by asset sales. Scales now expects its underlying net profit to be between $27.5m and $33.5m, implying an underlying ebitda range of between $46.5m and $53.5m. Shipping delays could impact on Scales' earnings voer 2021. Food Ingredients: Underlying ebitda $23.1m from $13.5m, up 71 per cent. Logistics: Underlying ebitda of $3.4m from $3.3m, up 4 per cent.

Source: New Zealand Herald February 25, 2021 21:33 UTC