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Market close: NZ sharemarket falters on surprise Air New Zealand move 9 Apr, 2021 05:45 AM 4 minutes to read The S&P/NZX 50 Index fell 58.25 points or 0.46 per cent. Photo / File NZ Herald By: Graham Skellern The New Zealand sharemarket faltered on the surprise move by Air New Zealand to delay its capital raising and the continued uncertainty over the activity of the offshore clean energy exchange traded funds. The S&P/NZX 50 Index fell 58.25 points or 0.46 per cent to 12,574.35, after reaching an intraday high of 12,686.33. There were 81 gainers and 62 decliners over the wh...

Press Release – Scott Technology Automation and robotics solutions provider, Scott Technology Limited (NZX: SCT), has today released its unaudited interim results for the six months to 28 February 2021 (H1 F21). In summary: Positive momentum as the Scott 2025 strategy takes hold, … Automation and robotics solutions provider, Scott Technology Limited (NZX: SCT), has today released its unaudited interim results for the six months to 28 February 2021 (H1 F21). In summary: Positive momentum as the Scott 2025 strategy takes hold, delivering a streamlined cost structure, a focus on core areas ...

Thursday, 8 April 2021, 12:40 pm Automation and robotics solutions provider, Scott Technology Limited (NZX: SCT), has today released its unaudited interim results for the six months to 28 February 2021 (H1 F21). In summary: Positive momentum as the Scott 2025 strategy takes hold, delivering a streamlined cost structure, a focus on core areas of proven expertise and improved performance Year on year increases in revenue and EBITDA and strong gross margin improvement Revenue up 5% to $104.5m, gross margin up 28% to 23%, EBITDA of $11.2m and net profit after tax of $4.7m Strong programme of for...

Scott Technology back in black, sees momentum building 8 Apr, 2021 05:40 AM 4 minutes to read Scott Technology returned to profitability in the first half. Photo / Supplied Newly-restructured automation and robotics specialist, Scott Technology, said it expected its earnings momentum to continue in the second half after returning to profit and paying a dividend in the first. Dunedin-based Scott's net profit came to $4.7 million for the six months to February 28 compared with a loss of $13.7m in the previous first half, which included the costs associated with the programme...

Market close: Investor confidence returning as sharemarket rises more than 1 per cent 8 Apr, 2021 05:35 AM 4 minutes to read Tourism Holdings had strong day, rising 7c or 2.63 per cent to $2.73. Photo / Supplied NZ Herald By: Graham Skellern Buyers were again active as the New Zealand sharemarket took a lead from positive offshore bourses to post more than one per cent gain – representing a rise of nearly two per cent in two trading days. On Wall Street, the Dow Jones Industrial Average and S&P 500 index hit all-time highs this week, the London FTSE 100 Index was up 0.9 pe...