Scott Technology Limited (NZX: SCT), a global provider of automation and robotics solutions, has reported strong results for the first half of the 2023 financial year (HY23).
Group revenue increased 11% to $127m and net profit after tax (from continuing operations) was up 66% to $8m.
The company's Engineering Scott to High Performance 2025 (Scott 2025) strategy focussed on its core sectors of meat, materials handling and logistics (MHL), and mining, has delivered sales and profit growth driven by repeatable core products and services.
The business’ sales pipeline remains ahead of expectation with $184m in forward work.
The Directors declared an (unimputed) dividend of 4.0 cents per share, payable on 11 May.
Employee health, safety and wellbeing remains the highest priority and employee engagement score is at its highest ever, at 83%.
Momentum behind Scott’s ESG strategy has also continued to grow, with strong engagement at every level of the organisation.
See more
