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Scales Corporation says lockdowns in China led to material reductions in market prices during critical sales windows.
Scales Corp says it is still appraising the impact of Cyclone Gabrielle on the horticultural side of its business.
The company made this statement after reporting on its half year result. It reported that lockdowns in China had led to material reductions in market prices during critical sales windows, which impacted its horticulture division.
Scales added that lower volumes, higher shipping costs and labour availability also impacted its horticulture division.
The underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) in its horticulture division were $17m - versus $40.8m in the prior year.
Meanwhile, the company has withdrawn its full-year guidance for 2023 due to the wide-ranging impacts of Gabrielle. An initial assessment from the company said the material impact will be on Mr Apple's orchards.
If there was a silver lining in the tragedy that was Cyclone Gabrielle, for New Zealand Young Grower of the Year, Grace Fulford, it was the tremendous sense of community and seeing first-hand what good leadership looks like.
Scales Corporation has today reported its results for the first half of the 2025 financial year, revealing what it says are outstanding results from its horticulture and logistics divisions.
Listed carpet manufacturer, Bremworth is undertaking a $6 million expansion at its Napier plant more than two years after the site was heavily damaged by Cyclone Gabrielle.
The road between Napier and Wairoa is on the mend.
The Good Carbon Farm has partnered with Tolaga Bay Heritage Charitable Trust to deliver its first project in Tairāwhiti Gisborne.
Craighead Diocesan, Darfield High School and Christchurch Boys' High School took out the three age groups at the Canterbury Clash of the Colleges, which was held at the recent Ashburton A&P Show.
The New Zealand Merino Company (NZM) is expanding its collaboration with TextileGenesis to deliver full traceability for 100% of ZQ certified wool and ZQRX regenerative wool.
According to Federated Farmers, Environment Southland has mishandled the consent process for Waituna Lagoon, leaving the community with numerous bad outcomes.
Metallica's charitable foundation, All Within My Hands (AWMH), teamed up with Meet the Need this week for a food packing event held at the New Zealand Food Network warehouse in Auckland.
After two years, Alliance Group has returned to profit.
According to Zespri's November forecast for the 2025/26 season, returns are likely to be up for all fruit groups compared to the last forecast in August.
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