Skellerup 1H profit falls 10%, missing forecast, annual profit growth to stall

Wed, 18 Feb 2015

By Suze Metherell Feb. 19 (BusinessDesk) - Skellerup Holdings, the industrial rubber goods firm, said first-half profit fell 10 percent and annual earnings growth may stall after Australian mining customers delayed maintenance spending. Profit fell to $9.7 million in the six months ended Dec. 31, from $10.8 million a year earlier, the Auckland-based company said in a statement. Sales fell 1 percent to about $96 million. The company will pay an unchanged interim dividend of 3.5 cents per share. Last October, the company told shareholde...

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