NZ's Scott Technology expects COVID-19 to impact FY20 earnings, shares fall

Scott Technology

20/04/2020 05:14

** Automation and robotics solutions provider's shares
 SCT.NZ  fall as much as 4% to NZ$1.69
    ** Co says FY20 earnings expected to be materially impacted
due to uncertainty caused by COVID-19 and travel restriction
imposed to stop its spread  urn:newsml:reuters.com:*:nFWN2C603S
    ** Co says executive team and directors have taken voluntary
reductions in remuneration
    ** Stock down 19.6% this year, as of last close

 (Reporting by Aditya Munjuluru in Bengaluru)
 ((aditya.srivastsav@thomsonreuters.com))