The future of Scott Technology lies in increasing exports and creating wealth for the company and New Zealand, chairman Stuart McLauchlan says.

The Dunedin-listed company yesterday reported an operating profit of $7.3 million for the 12 months to the end of August, a 32 per cent increase on the $5.5 million reported in the previous corresponding period.

Revenue was up 15 per cent to $53.6 million.

McLauchlan said 89 per cent of the revenue came from export sales.

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"This is what the country needs - increased exports - and we are clearly heading in that direction. The demise of property shufflers, held out to be champions, is continuing.

"The real champions are those producing products that create export earnings."


- Otago Daily Times