BUZZ-New Zealand's Scales Corp hits 2-1/2 year high on lifting annual forecast

Reuters

2025/06/10

** Scales Corporation's shares SCL.NZ rise 1.8% to NZ$4.63, highest level since Dec 9, 2022

** Diversified agribusiness firm raises FY25 underlying NPAT attributable to NZ$40 mln-NZ$45 mln ($24.21 mln-$27.24 mln) from previous guidance NZ$37 mln-NZ$42 mln

** Cites strong FY25 first half, propelled by its horticulture division

** Trading volume at 133,000 shares vs 30-day avg of around 125,000 shares

** YTD, stock up 13.8%, including current session's moves

($1 = 1.6521 New Zealand dollars)

(Reporting by Nikita Maria Jino in Bengaluru)

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

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