12 Oct 2009

Profit posted by Scott Technology

8:09 am on 12 October 2009

Scott Technology posted a profit in the year to August.

The Dunedin based production-line equipment-maker made a profit of $265,000 in the year to August, a turnaround from a loss of $818,000 the previous year.

Operating revenues climbed from $25 million to $31 million in the same period.

Directors says trading conditions during the year were volatile, and many companies stopped or deferred investment in capital equipment.

But they are confident about the company's trading ability, and have declared a dividend of one cent a share.