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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

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. 
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Scott Tech 1H profit down on review costs, beef market slump
Investment,
103652
true