Scantech posts another profit
Adelaide-based mining services company Sacantech has posted an 84 per cent net profit rise as it continues its post-Global Financial Crisis re-emergence.
The company offers on-line analysis equipment for the cement, coal and minerals industries.
Scantech Managing Director David Lindeberg said the outlook is positive.
“This is its second record profit in as many years and third in the last five years,” Lindeberg said in the company’s full year financial statement.
“The financial years of 2011 and 2010 were severely affected by the Global Financial Crisis.
“All areas of Scantech’s business are performing well and our service revenue is particularly strong.
“Increased revenue and profits are from all areas of our business and this is particularly pleasing as Scantech is not reliant on any particular industry for its business success.”
Ongoing operations resulted in a profit before tax for the year ended 30 June 2013 of $4,440,987 an increase of $2,116,261 or 91 per cent over 2012.
Profit after tax for the year ended 30 June 2013 was $3,116,667 (2012: $1,696,459) an increase of $1,420,208 or 84 per cent over last year.
Stay informed, daily
Revenue was $17,723,583 (2012: $15,406,566) an increase of 15 per cent over last year.
“As Scantech’s installed base continues to grow the Service income will continue to be a major contributor to Scantech’s growth,” Lindeberg said.
“Since the end of financial year Scantech has received additional orders and at the date of this report Scantech has over $6.9M in equipment orders.”
Want to see more stories from InDaily SA in your Google search results?
- Click here to set InDaily SA as a preferred source.
- Tick the box next to "InDaily SA". That's it.
