Scott Technology lifts first-half profit 26% as demand pushes operations near capacity

Thu, 05 Apr 2018

By Paul McBeth April 5 (BusinessDesk) - Scott Technology boosted first-half profit 26 percent as demand for the Dunedin-based firm's automation and robotics systems saw it operating near full capacity. Net profit attributable to shareholders rose to $3.1 million, or 4.2 cents per share, in the six months ended Feb. 28 from $2.5 million, or 3.3 cents, a year earlier, it said in a statement. Revenue climbed 19 percent to $67.5 million, helped by international demand for its Bladestop bandsaw safety technology, and completion of the company...

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