Skellerup reports record net profit powered by industrial division

Thu, 22 Aug 2019

By Rebecca Howard Aug. 23 (BusinessDesk) - Rubber goods maker Skellerup Holdings reported a record full-year net profit as its industrial division once again saw strong revenue growth. The Auckland-based company said net profit for the year ended June 30 was $29.1 million, up 6.5 percent on the year. It had forecast full-year profit of $29 million-$31 million. Revenue lifted 2.2 percent to $245.8 million and its earnings before interest and tax were up 5 percent to $41.8 million. More than 75 percent of the company’s revenue is generat...

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