Skellerup first-half profit slips on weaker agri unit, lowers full-year forecast

Wed, 17 Feb 2016

By Tina Morrison Feb. 18 (BusinessDesk) - Skellerup Holdings' first half profit edged lower and it pulled back expectations for the full year as weakness in its agricultural business weighed on improved earnings from its industrial unit. Profit fell 0.9 percent to $9.6 million in the six months ended Dec. 31, while revenue increased 9 percent to $107.6 million, the Auckland-based company said in a statement. It lowered its expectation for annual profit to about $23 million, down from an earlier forecast of $24 million to $26 million, and...

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