Tuesday 31st August 2010 |
Text too small? |
South Canterbury Finance-controlled industrial group and apple grower, Scales Corporation, today reported a $10.1 million pre-tax operating surplus for the year to June 30, and a reassurance that it is unaffected by its majority shareholder’s receivership.
SCF holds 79.7% of Scales, which operates a diversified portfolio of businesses including apple orchards, shipping logistics, pet food ingredients, coolstore and temperature control operations, industrial parks, bulk liquid storage and processing, and insurance.
“Scales is not part of the receivership of South Cantberbury Finance,” chief executive Andy Borland said. “Scales operates autonomously from the activities of its majority shareholder and its day-to-day operations will not be affected by the receivership.
“For the year ahead, we are forecasting a continuation of profitable trading. We continue to enjoy the ongoing support of our staff, customers and other stakeholders,” Borland said.
Businesswire.co.nz
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024