NZ's Scott Technology jumps most in about 2 months on strong FY results

Scott Technology

18/10/2022 03:44

** Shares of Scott Technology Ltd  SCT.NZ  jump as much as
3.33% to NZ$2.790, biggest intraday pct gain since Aug 19
    ** The automation engineering firm posts FY NPAT of NZ$12.7
million ($7.17 million), up 51% on a like for like basis 
    ** Co posts FY revenue from cont ops of NZ$222 million, up
8%
    ** Co declares an unimputed dividend of 4 NZ cents per share
    ** Says FY23 outlook is strong with a large order book and
increas in manufacturing capacity for Scott Europe 
    ** Shares at their highest since Oct 11       
    ** Stock has fallen 16.9% this year as of last close 
($1 = 1.7709 New Zealand dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))