42% drop in profit for Scott

• Published date: 18 April 2024
• Publication title: Otago Daily Times (New Zealand)

Group revenue was up 11% at $141m, while operating ebitda increased 14% to $17m

An interim dividend of five cents per share was declared, up from four cents in the corresponding period last year.

In an announcement to the NZX, the company said forward work of $161m remained positive, comprising materials handling and logistics, minerals, protein orders and service agreements.

Forsyth Barr described it as a ‘‘reasonable’’ result, overshadowed by the optics of both the chief executive and chief financial officer departing in quick succession and the strategic review yielding no...