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SCOTT TECHNOLOGY LIMITED - 28 02 2006 HY RESULT

12:00AM, 24 Mar 2006 | HALFYR

HY to 28/02/2006 ($933,000)

LISTED ISSUER: Scott Technology Ltd (SCT)

CONSOLIDATED OPERATING STATEMENT FOR THE HALF YEAR ENDED 28/02/2006

Unaudited NZ$'000

Current Period; Previous Corresponding Period

OPERATING REVENUE

 Trading revenue        12,232; 21,859
 Other revenue  40;     50
Total Operating Revenue 12,272; 21,909

OPERATING SURPLUS (DEFICIT) BEFORE TAXATION     (1,407);        1,677

Less taxation on operating profit        (474); 572

OPERATING SURPLUS (DEFICIT) AFTER TAX    (933); 1,105

Extraordinary items after tax   -;      -

Unrealised net change in value of investment properties -;      -

NET SURPLUS (DEFICIT) FOR THE PERIOD     (933); 1,105

Net Surplus (Deficit) attributable to minority interests         -;     -

NET SURPLUS (DEFICIT) ATTRIBUTABLE TO MEMBERS OF THE LISTED ISSUER
(933);  (1,105)

EPS     (3.7)cps;       4.4cps

The Directors of Scott Technology Limited advise that the unaudited result
for the six months ended 28 February 2006 was a loss of $933,000, compared to
an unaudited profit for the six months ended 28 February 2005 of $1,105,000.
This result was foreshadowed at the Company's Annual General Meeting in
December 2005.  Scott Technology Limited Group operating revenue for the six
months was $12,272,000 compared to $21,909,000 in the previous half year.

The Directors have decided not to pay an interim dividend but will
re-introduce half yearly dividends when the Company returns to targeted
profit levels.

The Appliance Systems division operated at levels exceeding capacity in 2005
and this combined with the high value of the New Zealand dollar and a
difficult local sub-contract market negatively impacted the Company's
performance.  Significant cost increases on a technically complex project had
an impact on the operating results.

Over the past several months the company has secured major contracts,
principally in the Company's traditional North American market with both
existing and new customers.  The current workload exceeds NZ$20 million and
project enquiries remain high.

Scott Technology Ltd has completed most of the contracts secured when the New
Zealand dollar was around .70c US and contracts currently underway have been
priced at more favourable exchange rates.  Major contracts are being
undertaken for a USA appliance manufacturer and for Bosch-Siemens of Germany,
which have been secured at near current exchange rates for the US Dollar and
the Euro.

The current workload and the impact of the cost reduction programme referred
to in the last Annual Report give Directors confidence that the half year to
31 August 2006 will see a return to profitability.

Scott Technology Ltd remains strong financially with substantial cash
receipts due over the coming months from completed contracts.  The Company
has no term debt and a restructured management team passionately keen to
succeed.

Directors see the strong support from Appliance Manufacturers world wide, the
continuing developments in automation of the meat industry, and a lower New
Zealand Dollar as being the key drivers of the Company's return to
sustainable profits and dividends.

Graeme J. Marsh                         Kevin J. Kilpatrick
Chairman of Directors                           Chief Executive