Skellerup lifts annual profit 8% on water focus, improved dairy market

Wed, 16 Aug 2017

By Tina Morrison Aug. 17 (BusinessDesk) - Skellerup Holdings lifted annual profit 8 percent as the rubber goods manufacturer reaped the benefits from refocusing its industrial unit away from the volatile oil and iron ore industries and into the potable water market, and its agri unit saw increased demand as dairy product prices improved. Profit rose to $22.1 million, or 11.47 cents per share, in the 12 months ended June 30, from $20.5 million, or 10.65 cents, a year earlier, the Auckland-based company said in a statement. That's at the to...

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