BUZZ-NZ's Scales Corp gains on FY results beat, strong outlook

Reuters

2025/02/26

** Scales Corporation SCL.NZ rises 1.7% to NZ$4.09

** Stock rose as much as 2.7% to NZ$4.13 in early trade, biggest intraday pct gain since January 28

** New Zealand-based diversified agribusiness firm posts net income of NZ$30.7 mln ($17.56 mln) for fiscal 2024 vs year-ago NZ$5.2 mln

** Estimates net income of NZ$35 mln-NZ$40 mln for FY25

** Attributes profit rise to strong result in Global Proteins division

** More than 178,000 shares traded vs 30-day avg of 116,000

** SCL gains 0.7% YTD

($1 = NZ$1.7486)

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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