Scott Technology lifts 2016 pre-tax profit 36% with rising demand for automation

Thu, 13 Oct 2016

By Fiona Rotherham Oct. 13 (BusinessDesk) - Scott Technology has reported a record $11 million in full-year pre-tax profits as the industrial robotics firm benefits from rising interest globally in automation as companies seek to reduce costs and boost productivity. The Dunedin-based company reported a 36 percent increase in pre-tax profit for the year ended Aug. 31 while total revenue rose by 55 percent to $112 million. The board declared a 5.5 cents per share dividend for the year, taking total dividends to 9.5 cents per share fully imp...

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