For its year ended August, Scott’s revenue rose 55% from $72.3million to $112million, its before-tax surplus rose 36% from $8.1million to $11million and its after-tax profit rose 66% from $4.76million to $7.93million. Scott chairman Stuart McLauchlan said the largest contributors to its balance sheet came from a 256% increase in the robotic meat-processing sector and a 48% rise in appliance line manufacturing. Scott’s divisions include sampling and inspection in the mining sector, robotic automation and superconductor electromagnets. When JBS got its 50.1% stake, the deal, worth more than $40million, allowed Scott to pay off all debt, leaving $25million in the bank. Mr McLauchlan said Scott was continuing to benefit from global interest in automation and robotics.

Source: Otago Daily Times October 13, 2016 16:52 UTC