Skellerup reports record profit, increases dividend

Wed, 22 Aug 2012

By Pam Graham Aug. 23 (BusinessDesk) - Skellerup Holdings, New Zealand's largest industrial rubber products supplier, reported another record annual profit and increased its dividend as new products and low debt levels shielded it from an economic downturn in some markets. The net profit rose 22 percent to $24.7 million in the year ended June 30, from $20.2 million a year earlier, which was also a record. Profit was at the top end of guidance of between $22 million and $24 million provided in February. The profit included a $400,000 insuranc...

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