Skellerup flags smaller profit in 2013, shares fall 3.5 percent

Wed, 31 Oct 2012

By Paul McBeth Oct. 31 (BusinessDesk) - Skellerup Holdings, which makes industrial rubber goods, expects next year's profit to fall as much as 11 percent from a record result in 2012 as the company enters a tough trading environment. The shares fell to a three-week low. Net profit will be between $22 million and $24 million in the year ending June 30, 2013, down from the $24.7 million it made this year, according chief executive David Mair's presentation to the annual meeting in Auckland. The shares fell 4.1 percent to $1.66 and have gained...

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