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Scott Tech 1H profit down on review costs, beef market slump

Outgoing CEO Kippenberger hails increasing revenue contribution from 'core' materials, minerals and protein markets.

Outgoing Scott Technology CEO John Kippenberger is being supported by Aaron Vanwalleghem.

Will Mace Tue, 16 Apr 2024
Key points
  • Revenue: Up 11% to  $141m
  • Profit: Down 42% to $4.5 million
  • Key takeaway: The robotics and engineering company has invested for future growth but that impacted this year's bottom line. 

Scott Technology’s half-year net profit after tax is down 42% year-on-year, mainly due to the $2.4 million cost of a strategic review undertaken last year which produced no actionable offers.

The NZX-listed robotics and engineering company today reported net profit of $4.5m for the six months to

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Will Mace Tue, 16 Apr 2024
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: Up 11% to  $141m
  • Profit: Down 42% to $4.5 million
  • Key takeaway: The robotics and engineering company has invested for future growth but that impacted this year's bottom line. 
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Scott Tech 1H profit down on review costs, beef market slump
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