Skellerup lifts 1H profit 14 percent as restructuring benefits show, hikes annual forecast

Wed, 19 Feb 2014

Feb. 20 (BusinessDesk) - Skellerup Holdings, the industrial rubber goods maker, lifted first-half earnings by 14 percent as it reaped the benefits of restructuring measures. The company hiked its expectations for annual profit and the shares gained. Net profit rose to $10.8 million, or 5.61 cents per share, in the six months ended Dec. 31, from $9.5 million, or 4.92 cents, a year earlier, the Auckland-based company said in a statement. That outpaced the 2.4 percent lift in revenue to $97.3 million. Skellerup raised its expectations for ann...

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