19 Jan 2023

Business briefs: Strong results for Scott Technology, Savor and Smartpay

12:11 pm on 19 January 2023
NFC technology, customer do payment with contactless credit card. Credit card reader implements payment execution, in the shop

Transaction terminal operator Smartpay expects a strong finish to its financial year. Photo: 123rf

In business briefs, Scott Technology has strong start to the year, Savor experienced strong trading results at the end of 2022 and Smartpay expects a strong finish to its financial year.

Retail jeweler Michael Hill is seeing continued underlying profit growth with the first half expected to be in a range of between $52m to $55m, which compared with the year earlier's $51.6m.

It said it had maintained strong margins, in line with last year's, despite higher input costs.


Small motors manufacuture, AoFrio, previously known as Wellington Drive Technologies, said annual revenue was up 16 percent, building on record growth in 2021.

Revenue for the three months to 31 December was $24.3m and $74.3m for 2022.


Cancer diagnosis firm Pacific Edge says December quarter test volumes are up 36 percent on the same three-month period a year ago.

Pacific Edge said the growth rate was in line with the year-on-year growth rates the company achieved in the second quarter of the year ending in March.


Automation manufacturer Scott Technology has had a strong start to the year, gaining a number of key contracts in multiple sectors and markets.

The new contracts in the United States, China and Australia add to the balance of $190 million contract work put in place last year.


Hospitality company Savor has experienced some of its strongest ever trading results throughout November and December.

Revenue in December of $6.8m was the highest in the group's history, with the Viaduct's Bivacco surpassing its expectations.

The company's brands also include a number of big Auckland restaurants - Amano, Non Solo Pizza and Azabu Mission Bay.


Transaction terminal operator Smartpay says its investment in marketing and sales is paying off with strong customer growth in the three months to the end of December.

It was expecting a strong finish to its financial year ending in March.

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