For the six months ended 29 February 2020, Scott Technology Limited (NZX: SCT) reported total revenue of NZ$101.8 million and EBITDA of NZ $(12.2) million. Net Loss After Tax stood at NZ $(13.7) million. Net debt for the half year was at NZ $20.2 million and the company has decided not to pay an interim dividend for the year ended 31 August 2020.
- The results reflect strong growth in the USA offset by softening economic conditions in key markets;
- Strong sales growth has been seen in the USA and in parts of the service business.
At NZST 12:58PM, the stock was trading at NZ $1.720 per share, down by 6.52% from its previous close.