Mining and meat help prop up Scott Tech

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...

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