Mining and meat help prop up Scott Tech

Staff reporters
Thu, 08 Apr 2021

Robotics company Scott Technology said its focus on rightsizing and improved revenue across the mining and the meat sectors had helped it return to profitability in the half-year to February 2021.Net profit after tax was $4.7 million, up from a previous loss of $13.7m. This was based on revenue of $104.5m, up from $99m for the comparable six months.Much of this was due to the strength of resurgent mining products and parts demand for the firm's Rocklabs division, which is supporting large scale work for two large Rio Tinto projects and mini...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

How can we encourage property investors to pivot into tech?
Peter Griffin | Thu, 15 Apr 2021

Existing property investors may look to put an increasing portion of their wealth into other asset classes and that’s an opportunity for cash-hungry tech companies and the venture funds that can invest in tech on their behalf. 

Opinion FREE
Failure to enforce face masks a ticking time bomb
Jacques Steenkamp | Thu, 15 Apr 2021

While the risk of another lockdown is growing, dozens of people are continuing to ignore the mandatory requirement to wear face masks on public transport.

Govt flying blind on unknown number of MIQ workers
Pattrick Smellie | Wed, 14 Apr 2021

More than a year on from border closures, there is still no single source of truth about border and MIQ worker covid testing, or the total numbers of workers involved.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.