The future of Scott Technology lies in increasing exports and creating wealth for the company and New Zealand, chairman Stuart McLauchlan says.
The Dunedin-listed company yesterday reported an operating profit of $7.3 million for the 12 months to the end of August, a 32 per cent increase on the $5.5 million reported in the previous corresponding period.
Revenue was up 15 per cent to $53.6 million.
McLauchlan said 89 per cent of the revenue came from export sales.
"This is what the country needs - increased exports - and we are clearly heading in that direction. The demise of property shufflers, held out to be champions, is continuing.
