Scott Technology boosts earnings

Scott Technology boosts earningsAccording to the reports, the Dunedin based production systems making firm Scott Technology has seen rises in its annual profit earnings despite of a troubled business environment and the company is quite confident that it will continue its growth further in the next years.

The pre tax profits of the firm stood at 5.54 million dollars in the 12 months till the end of August compared to the profits of 390,000 dollars in the same time period of last year.

The operating profits were also grown up to 46.6 million dollars from 31.3 million dollars in the previous year. The Scott Technology deals with the automated and robotic production systems.

The company has said that its strategic relationship with the customers in the past year was the key of the company’s achievement and the outcomes had encouraged the company to work together for better result.

The directors of the company have announced for 4 cents a share final dividend and the payment is scheduled on 3rd of December. The dividend payments have reflected the confidence of the directors of the company on its growth.