Hawkes Bay Today
  • Hawke's Bay Today home
  • Latest news
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Sport
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology

Locations

  • Napier
  • Hastings
  • Havelock North
  • Central Hawke's Bay
  • Tararua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Napier
  • Hastings
  • Dannevirke
  • Gisborne

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Hawkes Bay Today

Half-year profit down but prospects up for Scales Corporation

Patrick O'Sullivan
Business editor·Hawkes Bay Today·
28 Aug, 2017 08:00 PM3 mins to read
‌

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
Mr Apple's owner Scales Corporation has reported a net after-tax profit of $29 million for the six months to the year to June. Photo/File

Mr Apple's owner Scales Corporation has reported a net after-tax profit of $29 million for the six months to the year to June. Photo/File

Mr Apple owner Scales Corporation has reported a net after-tax profit of $29 million for the six months to the year to June, down 14 per cent on the record profit achieved for the same period last year.

In a statement to the New Zealand Stock Exchange (NZX) the Scales board said the result was a very strong performance in light of a challenging growing season.

Profit was mainly impacted by increased on-orchard and fixed costs incurred by Mr Apple.

"These costs were incurred to ensure that in a very difficult season customers' expectations were met as far as practicable in terms of quality and volume."

Apple production was only 5 per cent less than last year's record volumes "in a very challenging growing season".

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Scales managing director Andy Borland said it was a very pleasing result in light of a challenging growing season "demonstrating our resilience and productive consistency in all climates".

"During the growing season the Hawke's Bay region experienced heavier than normal rainfall as well as heavy winds due to ex-Cyclone Cook.

"Notwithstanding these conditions the Mr Apple orchard team produced an overall export volume consistent with the record 2016 crop. Whilst this was assisted to some extent by increases in our managed orchard following the Longview transaction last year, we believe that maintaining export production is an outstanding result."

Advertisement
Advertise with NZME.

Scales has three divisions: Horticulture, Storage, and Logistics and Food Ingredients.

Fellow corporate apple producer T&G Global recently reported a 49 per cent decrease in first-half-year profit, crediting poor weather as contributing to apple harvest timing, quality, volume and margin.

"Inclement weather also affected third-party growing partners in New Zealand and internationally, leading to an overall decrease in the volume of fruit available," an NZX statement said.

Profitability was also affected by the northern hemisphere where fruit was available for a longer period, delaying the switch to southern produce.

"These issues led to operating profit for the pipfruit division decreasing by $8 million from the same period last year."

Advertisement
Advertise with NZME.

New Zealand Apples and Pears chief executive Alan Pollard said for the whole season nationwide it looked like it would be a similar result to the 2016 season.

"Last year was a record year, so if we do the same we equal our record - you can't complain about that," he said.

It was likely some false assumptions were made on the estimate for the year's crop, he said.

"We got some of that wrong, particularly in Nelson, and there is no doubt the weather also had an impact. It slowed the process down and made maturing a bit more difficult. We didn't get those nights you expect and as you'd expect the cyclones were much more warm and moist."

Save
    Share this article

Latest from Business

Hawkes Bay Today

Debunking a cheese myth and why halloumi is 'born to blister'

08 May 06:00 PM
Hawkes Bay Today

Work starts on NZ’s largest approved solar farm between Taupō and Napier

06 May 10:55 PM
Hawkes Bay Today

Christchurch hosts PGG's first national wool auction

30 Apr 10:03 PM

Sponsored

Voting choice for Māori

11 May 01:52 AM
Advertisement
Advertise with NZME.

Latest from Business

Debunking a cheese myth and why halloumi is 'born to blister'
Hawkes Bay Today

Debunking a cheese myth and why halloumi is 'born to blister'

When the sheep are 'on holiday', the cows come to play.

08 May 06:00 PM
Work starts on NZ’s largest approved solar farm between Taupō and Napier
Hawkes Bay Today

Work starts on NZ’s largest approved solar farm between Taupō and Napier

06 May 10:55 PM
Christchurch hosts PGG's first national wool auction
Hawkes Bay Today

Christchurch hosts PGG's first national wool auction

30 Apr 10:03 PM


Voting choice for Māori
Sponsored

Voting choice for Māori

11 May 01:52 AM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Hawke's Bay Today e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Hawke's Bay Today
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Hawke's Bay Today
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • NZME Events
  • About NZME
  • NZME careers
  • Advertise with NZME
  • NZME Digital Performance Marketing
  • Book your classified ad
  • Photo sales
  • © Copyright 2026 NZME Publishing Limited
TOP