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Skellerup's record lift in annual profit

Staff reporters
Thu, 19 Aug 2021

Skellerup lifted annual net profit 38%, beating its own much-upgraded guidance, and said it was driven by working with key customers.Net profit for the year ended June rose to a record $40.2 million compared with $29.1m the previous year.In April, the company said it expected to report a net profit between $37m and $39m, up from its guidance in February of $33m to $37m, itself an upgrade of earlier guidance of $30m to $35m.Any profit of $30m or above would have been a record.The overall growth in earnings was the outcome of "continuing to...

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