Scott Technology lifts first-half net profit 65%

Scott Technology lifts first-half net profit 65%
CEO John Kippenberger says global demand for automation is still strong. (Image: Scott Technology)
Staff reporters
Scott Technology says sticking to its strategy of focusing on its core sectors of meat processing, materials handling and logistics helped lift first-half net profit by 65%.The automation and robotics solutions provider said net profit for the six months ended Feb 28 rose to $7.8 million compared with $4.7m in the same six months a year earlier.Sales were up 11% to $126.5m with profit margins rising 3.72 percentage points to 26% and earnings before interest, tax, depreciation and amortisation (Ebitda) up 20% to $14.6m.“Global demand for a...

More Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down
Primary Sector

Dairy Goat Co-op chair Campbell Storey to step down

He won't go until the annual meeting in September, however.

Riley Kennedy 02 May 2024
John Penno quits Synlait board as George Adams elected chair
Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 01 May 2024
NZ startup Jooules is turning CO2 into protein
Primary Sector

NZ startup Jooules is turning CO2 into protein

Jooules’ fermentation tech aims to mitigate world hunger and climate change.

Ben Moore 01 May 2024
Restless farmers want change at the Dairy Goat Co-op
Primary Sector

Restless farmers want change at the Dairy Goat Co-op

The chief executive’s been replaced, now they want the chair to follow.

Riley Kennedy 30 Apr 2024