Scales Corporation has restated its guidance for net profit after tax between $14million and $19m in the 2023 financial year ending on December 31.
The FY23 results will be released in late February and a final dividend announcement in May.
Looking ahead, directors have forecast profit attributable to shareholders of $30-$35m in 2024, a return to the levels achieved before Cyclone Gabrielle and the widespread damage to horticultural operations.
They have also declared a fully imputed interim dividend of 4.25c a share, to be paid on January 18.
The indication is that the final dividend will be below the 19c paid for FY22.
Managing director Andy Borland said 2023 has been a very trying one for Hawke’s Bay staff members and the company’s apple operations.
“All the affected orchards have been cleared of silt and remediated and trees are carrying a promising apple crop,” he said.
The share price bumped along during 2023 between $3 and $3.30 and improved by 15c after the positive announcement.