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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Meanwhile, the company has withdrawn its full-year guidance for 2023 due to the wide-ranging impacts of Gabrielle.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.
Nearly three years on from Cyclone Gabrielle, Hawke's Bay apple orchardist Paul Paynter says they are still doing remedial work around their orchards and facing financial challenges.
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.
Katie Milne, former Federated Farmers president, has been announced as the National Party’s candidate for the West Coast-Tasman electorate.
Alliance has announced two key appointments within its senior leadership team.
A Rangitikei farmer has been indefinitely banned from owning animals and sentenced to serve 9 months and 3 weeks’ home detention following animal welfare failures that caused the death of more than 140 animals.
Potatoes New Zealand is reflecting on its legacy of innovation, resilience and a commitment to growers as it gets ready to mark its birthday on 17th April.
New Zealand's food and fibre sector is entering a period of significant transition and Irricon's refreshed brand reflects how both the business and the sector it supports have evolved, says director Keri Johnston.
The executive director of the Global Dairy Platform (GDP) Donald Moore says research being done at Massey University's Riddet Institute will help avert world hunger.
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