New Zealand's Scott Technology sees best day in four months on robust results

Scott Technology

12/04/2023 01:55

** Shares of Scott Technology  SCT.NZ  advance as much as 4%
to NZ$2.880, seeing their best day since Jan 19 - if gains hold 
    ** The automation engineering firm reports HY net profit
after tax from cont ops of around NZ$8 million ($4.96 million),
up 66% from the prior corresponding year; declares HY dividend
of 4 NZ cents per share  urn:newsml:reuters.com:*:nFWN36E17I
    ** Co posts a 11% rise in revenue to about NZ$127 million,
due to more revenue from repeatable core products and services
    ** Shares hit highest since March 17 
    ** Stock has risen ~10.4% this year, as of last close


($1 = 1.6145 New Zealand dollars)

 (Reporting by Archishma Iyer in Bengaluru)
 ((Archishma.Iyer@thomsonreuters.com;))