Now, the company reported profit before tax of $ 5,500,000 in income from operations of $ 46.6m for the year ended August 31, 2010, compared with the results, each for $ 400,000 and $ 31,300,000 years ago.
"These results are very encouraging that the success of the current economic turmoil," said chairman Stuart McLauchlan in a written statement today.
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Scott Technologies operates in Dunedin, Christchurch and Auckland and has sales and service network in the United States, Italy, Turkey, China and Australia.
The company specializes in innovative design and manufacture of automatic machines, with special attention to the market and meat processing equipment.
Spend nearly $ 7,000,000 of research and development over the last year.
Net profit after tax for the year was $ 3,900,000, compared with $ 300,000 a year ago, and amortization decreased $ 1,100,000 to the changes imposed by the depreciation of buildings.
Operating cash flow $ 4,500,000 be used to reduce debt, purchase additional capital and pay dividends. The company ended the year with total assets of 36.6 million dollars and a bank loan of $ 3,900,000.
Directors Scott Technology has announced a final dividend of four cents per share, bringing the total dividend of 5.25 cents, after payment of dividends in March.
Action (NZX: SCT) traded unchanged at $ 1.25
The company specializes in innovative design and manufacture of automatic machines, with special attention to the market and meat processing equipment.
Spend nearly $ 7,000,000 of research and development over the last year.
Net profit after tax for the year was $ 3,900,000, compared with $ 300,000 a year ago, and amortization decreased $ 1,100,000 to the changes imposed by the depreciation of buildings.
Operating cash flow $ 4,500,000 be used to reduce debt, purchase additional capital and pay dividends. The company ended the year with total assets of 36.6 million dollars and a bank loan of $ 3,900,000.
Directors Scott Technology has announced a final dividend of four cents per share, bringing the total dividend of 5.25 cents, after payment of dividends in March.
Action (NZX: SCT) traded unchanged at $ 1.25
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