Skellerup expects profit growth of up to 19% on gains in US market

Wed, 28 Oct 2015

By Suze Metherell Oct. 28 (BusinessDesk) - Skellerup Holdings, the rubber goods firm, expects annual profit to grow as much as 19 percent as its investment in the US market begins to deliver returns. The Auckland-based firm expects profit of between $24 million and $26 million in the year ending June 30, 2016, up from $21.9 million it reported in August, it said in a statement. The company is holding its annual shareholders' meeting in Auckland today. Skellerup has focused on growing international markets, with a particular emphasis o...

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