Scott Technology reported a before tax profit today of just under $400,000 on operating revenues of $31.3 million dollars, for the year ending in August.

The company says it's satisfied with the result, as it was achieved during a significant economic downturn, which caused many companies to halt or defer investment in capital equipment, such as that which Scott produces.

The company is supported by a strong balance sheet, with total assets of $35.4 million, cash on hand of $1.5 million, and total bank loans of $4.5 million dollars.