Skellerup beats first-half guidance

Chief executive David Mair said the result is the culmination of years of hard work. (Image: supplied)

Thu, 17 Feb 2022

Rubber products company Skellerup managed to beat its most recent upgraded guidance with a 19% lift in first-half net profit and said both its agri and industrial divisions achieved record results.Skellerup is now forecasting a full-year net profit between $44 million and $47m, which would mean an increase between 9.5% and 16.9% on the previous year's $40.2m – the latter was up 38% on the previous year.Net profit for the six months ended Dec 31 rose to $23.2m from $19.5m in the same six months a year earlier. After a string of upgrade...

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