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SCL - Scales Corp profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Scales Corp 


NZX code: SCL
Short name: Scales Corp
Legal name: Scales Corp Limited
Industry sector: Agribusiness
NZX50 rank: 39 of 50
Head office address: 52 Cashel Street, Christchurch Central, Christchurch, 8013
Chairman: Mike Peterson
Chief executive: Andy Borland
Financial year ended: December
Locations: New Zealand
Auditor: Deloitte
Bankers: ANZ, Rabobank, Westpac

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Financial statement history

A. Recent trading and performance summary:

NPAT Earnings
per share
fye June mln mln cents
2017 $399.1 $31.8 22.6
2018 $402.5 $45.5 32.2
2019 $484.6 $121.6 84.2
2020 $470.7 $26.6 15.0
2021 $514.6 $37.0 19.1

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B. Recent financial position summary:

fye June mln mln %
2017 $342.5 $120.6 64.8
2018 $411.1 $161.2 60.8
2019 $558.7 $199.7 64.3
2020 $586.2 $207.8 64.6
2021 $584.8 $194.5 66.7

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C. Recent cash flows and positions:

Cash and equiv. 
at year end
fye June mln mln mln
2017 $32.4 $33.0 $5.7
2018 $36.6 $36.4 $5.8
2019 $61.5 $49.6 $17.4
2020 $66.9 $37.6 $46.0
2021 $47.6 $61.1 $33.2

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D. Recent key ratio analysis:

per share
NTA/share Dividend
fye June cents annual avg dollars annual avg %
2017 22.6 14.7 1.46 5.42
2018 32.2 14.4 1.46 3.99
2019 84.2 5.6 1.69 4.04
2020 15.0 32.7 1.84 3.88
2021 19.1 25.1 1.90 3.97

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Description of trading activities 

Scales corporation is an agribusiness group, with an operation functioning to provide for the New Zealand exporting sector. Through food, ingredients, horticulture, storage, and more. Exporting a large amount of product from New Zealand to international shores.

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CEO profile

Andy Borland joined Scales Corporation Ltd. in 2007. Borland came from a financial background with 20-years of experience in the banking industry. Prior to joining Scales Corp Borland was appointed as the Head of Corporate at Westpac New Zealand. Borland’s main role at Scales Corp. is to maintain the direction of the day-to-day operations, direction, and management of Scales Corp.  

Chairman profile

Mike Peterson was appointed as a Non-Executive Independent Chair of the Board in 2023. Peterson joined Scales Corp with a wealth of experience with management and governance in the agribusiness sector. Currently Peterson is a Director of ANZCO Foods, and Kelso Genetics Limited, as well as being the Chair of agri-food digital marketplace developers, and Nui Markets Limited. Peterson is well known for advocating New Zealand’s agricultural trade and markets access interests and he identified opportunities for New Zealand to commercialize its agricultural expertise offshore.




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