For its year ended August, Scott’s revenue rose 55% from $72.3 million to $112 million, its before-tax surplus rose 36% from $8.1 million to $11 million and its after-tax profit rose 66% from $4.76 million to $7.93 million.
Scott chairman Stuart McLauchlan said the largest contributors to its balance sheet came from a 256% increase in the robotic meat-processing sector and a 48% rise in appliance line manufacturing.
"The manufacturing environment in global economies is facing change, but it is change that brings demand for Scott’s unique skills and technologies," Mr McLauchlan said.
Scott’s divisions include sampling and inspection in the mining sector, robotic automation and superconductor electromagnets.
Five to 10 appliance production lines a year range up to $18 million each and three to five robotic meat-processing projects annually are worth up to $8 million each.
When JBS got its 50.1% stake, the deal, worth more than $40 million, allowed Scott to pay off all debt, leaving $25 million in the bank.
Yesterday’s accounts showed the combined cash flows and capital-raisings left cash in hand of more than $36 million.
Mr McLauchlan said output from manufacturing bases in New Zealand and Australia was "significantly increased" during the year to meet growing customer demand, including for advanced automation technology in the meat-processing and mining sectors.
The full-year results included an entire year’s contribution from expanded Australian operations and four months of trading from the acquisition in May of a German company for less than €1 million ($NZ1.65 million).
At the time, estimated annual revenue was expected to be about €8 million.
Mr McLauchlan said Scott was continuing to benefit from global interest in automation and robotics.
There were "strong forward work" contracts and a "good level of inquiry" across all Scott’s sectors of interest.
Scott’s final 5.5c per share dividend took the total to 9.5c for the year.
Its shares were unchanged at $2.10 after the announcement.
