NZ's Scott Tech gains on securing $10.1 mln worth of contracts

Scott Technology

13/01/2025 22:15

** Shares of Scott Technology  SCT.NZ  rise 1.4% to NZ$2.23,
hitting their highest since Dec. 31 
    ** Automation and robotics firm secures multiple contracts
with combined value of NZ$18 mln ($10.05 mln)
    ** Contracts to supply meat processing systems in New
Zealand, Australia and North America
    ** Says contracts show strength of co's protein automation
portfolio
    ** More than 20,000 shares change hands, 2.2 times the
30-day avg
    ** Stock down 1.4% YTD, including current session's moves

($1 = 1.7918 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))