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FY TO 31/08/2000 $3.574M ($2.892M) + 23.6% DIV 6.5CPS

12:00AM, 18 Oct 2000 | FLLYR

CONSOLIDATED OPERATING STATEMENT FOR THE FULL YEAR TO 31/08/2000_
Audited (NZ$'000)_
        Current Previous_
        Period  Corresponding_
                Period_
OPERATING REVENUE_
 Sales revenue  30,673  27,432_
 Other revenue  -       -_
Total Operating Revenue 30,673  27,432_
OPERATING SURPLUS (DEFICIT)_
 BEFORE UNUSUAL ITEMS AND TAX   5,320   4,369_
Unusual items_
 for separate disclosure        _
OPERATING SURPLUS (DEFICIT)_
 BEFORE TAX     5,320   4,369_
Less tax on operating surplus   1,746   1,477_
Operating surplus (deficit)_
 after tax but before minority_
interest        3,674   2,892_
Less minority interests         _
Equity earnings         _
OPERATING SURPLUS (DEFICIT) _
 AFTER TAX ATTRIBUTABLE _
 TO MEMBERS OF LISTED ISSUER    3,574   2,892_
Extraordinary items after tax           _
Less minority interests         _
Extraordinary items after tax_
 attributable to members of the_
 Listed Issuer          _
TOTAL OPERATING SURPLUS_
 (DEFICIT) AND_
 EXTRAORDINARY ITEMS_
 AFTER TAX      3,574   2,892_
Operating Surplus (Deficit)_
 and Extraordinary Items after_
 Tax attributable to Minority_
 Interest               _
Operating Surplus (Deficit) _
 and  Extraordinary  Items after  _
 Tax attributable  to Members _
 of the Listed Issuer   3,574   2,892_
EPS     18.3    14.8_
SHAREHOLDERS' EQUITY_
  ATTRIBUTABLE TO MEMBERS _
 OF THE HOLDING COMPANY 11,905  10,641_
_
_
A dividend of 6.5cps has been declared which is consistent with the previous
period. Record date is 01/12/2000.  Payable date is 07/12/2000. The Directors
of Scott Technology announced the company audited financial results for the
year ended 31/08/2000.  The company achieved an operating profit before tax
of $5.32m which was an increase of 22% over the previous year's operating
profit of $4.37m.  A net surplus after tax of $3.57m was24% ahead of the
previous year's after tax profit of $2.89m. The Directors reported the
following highlights of the year:_
- Sales increase of 12% reflects the company's expanded capacity. _
- Operating surplus after tax increased by 24%_
- Operating cash flow of $6.9m_
- Shareholders equity increased 12% to $11.9m at 31/08/2000_
- Scott Technology Limited entered into its first strategic alliance with a
European company. _
The Directors anticipate a challenging year ahead as the levelling of
economic activity in many of our international markets indicates that plan
renewal and replacement in the world-wide appliance industry will be
constrained over the next several months. Scott Technology is financially
strong and well positioned to benefit from an upturn in economic activity in
our global appliance markets. _
END_
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