Scott Technology Limited (NZX: SCT) has released its FY22 audited results, showing strong growth in revenue and EBITDA of 8% and 14% respectively, despite unprecedented disruption through inflation, supply chain pressures, and ongoing pandemic challenges.
Revenue was driven by sales growth in all three core areas of the business, with 75% of Group sales coming from meat processing, materials handling and logistics, and mining.
Net profit after tax (from continuing operations) was up 51% to $12.7m and a dividend of 4.0 cents per share was declared, taking the full year total to 8.0 cents.
The company's ESG strategy has seen good progress across all pillars, while employee safety and wellbeing has continued to underpin the culture at Scott.
Record forward work has been secured across on-strategy meat and mining solutions, BladeStop and service businesses.
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