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NZE:SCL

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Asia

New Zealand Shares Flat, Scales Acquires JV Partner's Stake in European Pet Food Business for Undisclosed Sum

New Zealand shares ended flat with a negative bias on Monday as most Asian markets saw losses amid continued fears of disrupted global oil supply due to the Middle East conflict.The S&P/NZX 50 was little changed to close at 13,560.69.Fresh strikes on Saudi Arabia and vessels in the Gulf rattled the region on Sunday, as an attack on a Saudi oil pipeline and Houthi advances in Yemen threatened to deepen the war's toll on global energy supplies, according to a Sunday Reuters report.In domestic news, New Zealand's services sector continued to expand in August, extending its growth streak to three consecutive months, according to a statement by BusinessNZ.Further, the Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index showed an average 1.9% year-over-year increase in supplier costs for supermarkets in August, unchanged from July's result, according to an Infometrics report.In corporate news, Scales (NZE:SCL) acquired its joint venture partner's stake in European pet food business Esro Petfood for an undisclosed nominal consideration.Nine Entertainment (ASX:NEC) said its QMS NZ unit turned on its City Rail Link out-of-home digital advertising network in Auckland.

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Asia

Scales Acquires JV Partner's Stake in European Pet Food Business for Undisclosed Sum, Reaffirms Outlook

Scales (NZE:SCL) acquired its joint venture (JV) partner's stake in European pet food business Esro Petfood for an undisclosed nominal consideration, according to a Monday filing with the New Zealand bourse.The company plans to rebrand Esro Petfood and fully consolidate its results from September, the filing said.The company reaffirmed its 2026 guidance of NZ$55 million to NZ$60 million in underlying net profit after tax attributable to shareholders, implying underlying net profit after tax of NZ$72 million to NZ$78 million and underlying earnings before interest, taxes, depreciation, and amortization of NZ$135 million to NZ$142 million.

NZE:SCL
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Winton Land (NZE:WIN): +9%, NZ$1.18Scales Corporation (NZE:SCL): +4%, NZ$7.49Serko (NZE:SKO): +3%, NZ$1.55Channel Infrastructure (NZE:CHI): +3%, NZ$3.57Mainfreight (NZE:MFT): +3%, NZ$67.33Oceania Healthcare (NZE:OCA): +3%, NZ$0.79T&G Global (NZE:TGG): +3%, NZ$2.37Radius Residential Care (NZE:RAD): +2%, NZ$0.45NZX (NZE:NZX): +2%, NZ$1.48Air New Zealand (NZE:AIR): +1%, NZ$0.39

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Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Thursday.Scott Technology (NZE:SCT): +6%, NZ$2.87Santana Minerals (NZE:SMI): +6%, NZ$0.64Comvita (NZE:CVT): +5%, NZ$0.83Stride Stapled Group (NZE:SPG): +5%, NZ$1.14Tourism Holdings (NZE:THL): +2%, NZ$2.85ANZ Group Holdings (NZE:ANZ): +2%, NZ$46.63Scales Corporation (NZE:SCL): +2%, NZ$7.29Tower (NZE:TWR): +1%, NZ$1.92Air New Zealand (NZE:AIR): +1%, NZ$0.38Delegat Group (NZE:DGL): +1%, NZ$4.70

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Asia

New Zealand Shares at All-Time High; Meridian Energy Logs Earnings in Fiscal 2026, Revenue Down

New Zealand shares reached an all-time high on Wednesday as nearly all Asian markets saw gains after Tuesday's rally in Wall Street shares.The S&P/NZX 50 Index gained 0.15% or 20.49 points to close at 14,013.21, reaching an all-time high and crossing the 14,000 mark.On Tuesday, the S&P 500 added 0.3%, and the Nasdaq Composite gained 0.7%, while the Dow Jones lifted 0.3%.In domestic news, total new residential mortgage lending in New Zealand fell to NZ$7.85 billion in July from NZ$8.45 billion in June, according to data from the Reserve Bank of New Zealand.In corporate news, Meridian Energy (ASX:MEZ, NZE:MEL) logged NZ$0.049 in earnings per share for fiscal 2026, compared with a loss of NZ$0.174 a year ago.Scales (NZE:SCL) logged NZ$0.36 in underlying earnings per basic share for the first half, compared with NZ$0.34 a year ago.

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Asia

Scales H1 Underlying Earnings, Revenue Up

Scales (NZE:SCL) logged NZ$0.36 in underlying earnings per basic share for the first half, compared with NZ$0.34 a year ago, a Wednesday filing showed.For the six months ended June 30, revenue was NZ$762.1 million versus NZ$371.9 million previously, the New Zealand-listed agribusiness group added.The company raised its 2026 guidance for underlying net profit after tax attributable to shareholders to NZ$55 million to NZ$60 million, from the previous guidance of NZ$50 million to NZ$55 million, implying underlying net profit after tax of NZ$72 million to NZ$78 million and underlying earnings before interest, taxes, depreciation, and amortization of NZ$135 million to NZ$142 million.

NZE:SCL
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Thursday.Santana Minerals (NZE:SMI): +5%, NZ$0.70Serko (NZE:SKO): +4%, NZ$1.66Pacific Edge (NZE:PEB): +4%, NZ$0.28New Zealand King Salmon (NZE:NZK): +3%, NZ$0.24PGG Wrightson (NZE:PGW): +2%, NZ$2.30Scales Corporation (NZE:SCL): +2%, NZ$6.78Scott Technology (NZE:SCT): +2%, NZ$2.59Precinct Properties NZ (NZE:PCT): +2%, NZ$1.05Contact Energy (NZE:CEN): +1%, NZ$9.19Spark New Zealand (NZE:SPK): +1%, NZ$1.99

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Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Tuesday.Gentrack Group (NZE:GTK): +3%, NZ$3.80Scales Corporation (NZE:SCL): +3%, NZ$6.75Ventia Services Group (NZE:VNT): +3%, NZ$7.16Westpac Banking Corp (NZE:WBC): +3%, NZ$46.61Briscoe Group (NZE:BGP): +3%, NZ$4.79Vista Group International (NZE:VGL): +3%, NZ$2.58Santana Minerals (NZE:SMI): +3%, NZ$0.60CDL Investments New Zealand (NZE:CDI): +2%, NZ$0.66Oceania Healthcare (NZE:OCA): +2%, NZ$0.77Pacific Edge (NZE:PEB): +2%, NZ$0.27

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Asia

Scales Declares Final Dividend for 2025

Scales (NZE:SCL) declared a final dividend of NZ$0.125 per share for full year 2025, payable on July 9 to shareholders of record as of June 25, according to a Wednesday filing with the New Zealand bourse.The company paid a dividend of NZ$0.0775 per share in the prior corresponding period, an earlier filing showed.

NZE:SCL
Asia

New Zealand Shares Rise; Scales Reaffirms 2026 Underlying Net Profit After Tax Guidance

New Zealand shares ended higher on Wednesday as investors digested the Reserve Bank of New Zealand's decision to hold the official cash rate steady.The S&P/NZX 50 Index rose 1.21% or 158.07 points to close at 13,227.81.The Reserve Bank of New Zealand's (RBNZ) monetary policy committee decided to keep the official cash rate steady at 2.25%, according to a statement.Iran said on Tuesday that the US had breached a ceasefire by striking targets near the Strait of Hormuz, potentially complicating efforts to end the war, according to a Tuesday Reuters report.In corporate news, Scales (NZE:SCL) reaffirmed its market guidance of an underlying net profit after tax attributable to shareholders of between NZ$50 million and NZ$55 million for the full year.Air New Zealand (ASX:AIZ, NZE:AIR) informed customers of further flight cuts from August to October amidst a jet fuel crisis in the wake of the conflict in the Middle East, according to a report by Radio New Zealand.

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Asia

Scales Reaffirms 2026 Underlying Net Profit After Tax Guidance

Scales (NZE:SCL) reaffirmed its market guidance of an underlying net profit after tax attributable to shareholders of between NZ$50 million and NZ$55 million for the full year, according to a Wednesday filing with the New Zealand bourse.

NZE:SCL
Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Vista Group International (NZE:VGL): -3%, NZ$2.26Briscoe Group (NZE:BGP): -2%, NZ$4.40Turners Automotive Group (NZE:TRA): -2%, NZ$8.41Millennium & Copthorne Hotels NZ (NZE:MCK): -2%, NZ$3.04Port of Tauranga (NZE:POT): -2%, NZ$8.18South Port New Zealand (NZE:SPN): -2%, NZ$8.83Seeka (NZE:SEK): -2%, NZ$5.04Scales Corporation (NZE:SCL): -1%, NZ$5.95Meridian Energy (NZE:MEL): -1%, NZ$5.84Napier Port Holdings (NZE:NPH): -1%, NZ$3.61

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Asia

Scales JV Partner Esro Food Group Under Netherlands Food Safety Investigation

Scales (NZE:SCL) said the Netherlands Food and Consumer Product Safety Authority opened an investigation on April 16 into Esro Food Group, its 50% joint venture (JV) partner in Esro Pet Food, according to a Monday filing with the New Zealand bourse.The company clarified that Esro Pet Food is not part of the investigation, does not supply products to the human food market, and functions as an independent legal entity dedicated exclusively to pet food production, per the filing.The company also added that Esro Pet Food operates from its own premises with independent licenses and permits, and that its business activities continue as normal without any disruption, the filing added.

NZE:SCL

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