Thursday, March 24, 2016

A local manufacturing company is celebrating a 75% increase in its half-yearly profit.

Scott Technology had a surplus before tax of $2.8m for the six months to the end of February.

That compares to its $1.6m profit for the first half of the 2015 financial year.

The company's half-yearly revenue has almost doubled, to $42.8m.

Its orders are at a record high, in part due to expanded operations.

Scott Technology's now planning to buy part of a German engineering company.

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