Scott Technology 1H profit jumps 70%; eyes German acquisition

Wed, 23 Mar 2016

By Paul McBeth March 24 (BusinessDesk) - Scott Technology, which is still awaiting approval to hand control over to Brazil's JBS, lifted first-half profit 70 percent as the recently acquired Machinery Automation and Robotics unit injected more revenue and the industrial automation firm looks to expand in Germany. Net profit rose to $1.9 million, or 4.5 cents per share, in the six months ended Feb. 29 from $1.1 million, or 2.5 cents, a year earlier, the Dunedin-based company said in a statement. Revenue climbed 46 percent to $42.8 million...

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