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.