Skellerup bullish on profit prospects with expected upturn in US market

Wed, 28 Oct 2015

By Fiona Rotherham Oct. 28 (BusinessDesk) - Skellerup Holdings, the rubber goods company, expects annual profit to grow as much as 19 percent as its investment in the US market over the past three years begins to pay off. The Auckland-based firm told shareholders at the annual general meeting today that it expects net profit of between $24 million and $26 million in the year ending June 30, 2016, up from $21.9 million in the 2015 financial year. Best-known for its Red Band rubber gumboots, Skellerup has two business units: an agri divi...

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