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

About this update from 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)

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