Skellerup delivers record first-half profit and affirms guidance

Skellerup delivers record first-half profit and affirms guidance
CEO David Mair said his job is to deliver profitable growth. (Image: Skellerup)
Jenny Ruth
Rubber products company Skellerup delivered record first-half operating profit, as promised, and affirmed its guidance for the full-year result.However, the bottom line was marginally lower than the previous first half, largely reflecting finance costs more than doubling to $2 million from $0.9m previously.Earnings before interest and tax (Ebit) were up 3% to $33.5m for the six months ended December while net profit fell 1% to $23m.Revenue was up 10% to $165.5m while operating cash flow was up 3% to $10.2m.But the big miss was the agri division...

More Primary Sector

'Disciplined approach': Miraka sets opening milk price at $9.85/kgMS
Primary Sector

'Disciplined approach': Miraka sets opening milk price at $9.85/kgMS

It is important to understand the full picture, the company says.

Riley Kennedy 30 May 2025
King Salmon slashes earnings guidance
Primary Sector

King Salmon slashes earnings guidance

Reduced harvests are needed to build up fish stocks.

Staff reporters 30 May 2025
Govt announces 'farmer-focused' RMA reforms
Primary Sector

Govt announces 'farmer-focused' RMA reforms

Proposed reforms cover freshwater, farming practice, mining and quarrying.

Pattrick Smellie 29 May 2025
Fonterra expects strong dairy demand to continue
Primary Sector

Fonterra expects strong dairy demand to continue

It will open the season with a wide range on its forecast milk price.

Riley Kennedy 29 May 2025