Skellerup says first quarter earnings up 10%, expects improvement in 2018

Wed, 25 Oct 2017

By Sophie Boot Oct. 25 (BusinessDesk) - Skellerup Holdings shares rose after the industrial rubber goods maker said first-quarter trading had been strong and it expects improved earnings in 2018. Trading for the three months ended Sept. 30 was strong, generating earnings before interest and tax more than 10 percent ahead of the comparable quarter in the prior year, chair Liz Coutts said in a statement ahead of the company's annual meeting this afternoon. "However, experience tells us it is too early in the year, given the seasonal nature...

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