Scott Technology has announced an 11% increase in group revenue to $141 million for the first half of the 2024 financial year.
The automation and robotic solutions provider's half-year results were driven by its dedication to the Scott 2025 strategy, which focuses on core sectors and productisation.
The company also reported a 14% rise in operating EBITDA to $17m.
However, net profit after tax was down 42% to $4.5m, due to one-off strategic review costs, higher lease, and financing costs.
Scott's forward work remains positive, amounting to $161m, and an interim dividend of 5 cents per share was declared.
The company's strong performance has led to the extension of its Scott 2025 strategy to 2027.
See more
