Skellerup sees annual profit growth of up to 18%

Wed, 29 Oct 2014

By Paul McBeth Oct. 29 (BusinessDesk) - Skellerup Holdings, the industrial rubber goods maker, sees annual earnings growth of up to 18 percent as it looks to cash in on growing demand for food safety and clean energy applications. Annual profit of between $21 million and $24.5 million is expected in the year ending June 30, 2015, from an adjusted profit of $20.7 million a year earlier, which stripped out a one-off insurance gain, chairman Selwyn Cushing told shareholders at today's annual meeting in Auckland. Though a lower payout to dair...

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