NZ's Scott Technology rises, expects FY20 revenue to recover

Scott Technology

07/07/2020 01:24

** Automation and robotics solutions provider Scott
Technology Ltd  SCT.NZ  rises as much as 7.8% to NZ$1.78, its
highest since June 23
    ** Co says its expects FY20 revenue to recover as COVID-19
restrictions are now lifted and businesses recommence projects
 urn:newsml:reuters.com:*:nNZW8r6h56
    ** Says it has recommenced the commissioning of an appliance
line for Bosch in China
    ** Says it signed new contracts for materials handling and
logistics solutions with a large food customer in Europe
    ** Adds it signed a contract to deliver automated refuelling
system for a large Australian mining company
    ** SCT stock posts its biggest intraday percentage gain
since June 17
    ** About 66,000 shares change hands, compared with the
30-day average of about 21,000 shares
    ** Stock down 24.7% this year, as of last close

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