NZ's Scott Technology set for best session in 5 months on strong annual results

Scott Technology

21/10/2021 24:48

** Shares of automation engineering firm Scott Technology
 SCT.NZ  rise as much as 5.7% to NZ$2.95, on track for their
best session since May 21
    ** SCT posts FY21 net profit after tax of NZ$9.5 mln ($6.84
mln), compared to a loss of NZ$17.5 mln in previous year
 urn:newsml:reuters.com:*:nNZW9k9G6b
    ** Revenue rose 16.2% to NZ$216.2 mln
    ** Separately, SCT says it signed a contract to deliver an
automation solution for a U.S.-based appliance manufacturer
 urn:newsml:reuters.com:*:nNZW5d4xw1
    ** Stock hits its highest since Oct. 12
    ** More than 20,000 shares change hands, vs. the 30-day
average volume of ~8,100 shares
    ** SCT stock up 21.3% this year, as of last close  


($1 = 1.3895 New Zealand dollars)

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))