Skellerup shares jump after 2nd earnings upgrade

Skellerup chief executive David Mair is grappling with supply-chain disruption.

Mon, 19 Apr 2021

Skellerup shares jumped as much as 2.1% after it upgraded its earnings guidance for a second time this financial year.The shares rose as high as $4.44, up 9 cents, up from $1.90 a year ago, although down from their record $4.65 in March.The company now expects net profit for the year ending June to come in between $37 million and $39m. That's up from its February guidance of $33m and $37m and from its guidance in October last year of $30m-to-$35m. Even $30m would be a record result, bettering the $29.1m it earned in the year ended June...

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