Small profit for Scott Technology

Scott Technology made a small profit in a turbulent environment, and noted a 45 per cent swing in the New Zealand dollar.

The maker of high-technology production systems for manufacturers turned to a profit before tax of $390,000 in the year ended August 31 from a loss of $1.2 million last year.

The profit was achieved on turnover of $31.3 million, up from $25 million last year.

A nominal dividend of 1c a share was declared, payable on November 6.

- NZPA