Skellerup defends low debt, shares rise on record net profit

Skellerup is the producer of the red band gumboots. (Image: Skellerup)

Thu, 17 Aug 2023

Rubber products company Skellerup rejected criticism about its low debt levels saying it's often told by “well-intentioned” third-party commentators that it has a “lazy” balance sheet.“It is true that we do carry low levels of debt, but in periods of uncertainty have found this to be a distinct advantage; this ensures we make the right decisions for the business in a holistic sense, rather than responding to short-term exigencies,” chair John Strowger said, in the company’s annual results.The market...

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