Skellerup lifts 1H net profit 61%, raises full-year guidance

Skellerup lifts 1H net profit 61%, raises full-year guidance
Jenny Ruth
Skellerup lifted first-half net profit 61% and upgraded its guidance for the full year.The rubber products company's net profit of $19.5 million for the six months ended Dec. 31 compared with $12.1m in the same six months a year earlier.Revenue rose 11% while earnings before interest and tax were up 53%. Both the agri division, which makes dairy rubberware among other products, and the industrial division, whose products include plumbing and roof-flashing, lifting ebit more than 50%.The company now expects its full-year net profit to come i...