Scott Technology LimitedNZX: SCT

NZ's Scott Technology surges on $16 million contract, upbeat earnings

· Issued by Scott Technology Limited

** Shares of Scott Technology NZX:SCT rise 3.3% to NZ$1.86 to hit highest level since May 21

** Robotic solutions provider posts biggest intraday gain since June 10

** Co secures NZ$27 million ($16.26 million) in new global automation contracts across the food and beverage sector

** Says reported EBITDA for the year to date is now ahead of the same period last year

** Also secures first Canadian contract for its Automated Poultry Trusser solution, partnering with Maple Lodge Farms

** However, co says revenue for the year to date is down 7% from last year

** Stock down ~16% this year, including the day's move

($1 = 1.6609 New Zealand dollars)