Scott Technology shrugs off one-offs in profit fall as it looks to the future

Scott Technology makes robotic systems. (Image: PorterNovelliNZ)

Tue, 16 Apr 2024

Scott Technology’s profit fell 42% on one-off costs in the half year to Feb 29 2024, but revenue is up 11% to $141 million on the back of a company refocus.Scott specialises in automated and robotic manufacturing processes. It attributed its revenue growth to its Scott 2027 strategy – extended from 2025 - of growing sales where it had established world-leading technology. That meant a move away from more bespoke but unproven design products that presented a higher risk to the business. Net profit after...

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