UPDATE: Skellerup lifts 1H profit 31% on 'standout' industrial unit performance; shares hit record

Wed, 14 Feb 2018

(Updates to include share price reaction from first paragraph, broker comment in seventh paragraph.) By Tina Morrison Feb. 15 (BusinessDesk) - Skellerup Holdings shares jumped to a record after the rubber goods manufacturer lifted first-half profit 31 percent thanks to a "standout" performance from its industrial unit which boosted earnings 40 percent. Profit rose to $11.7 million, or 6.06 cents per share, in the six months ended Dec. 31, 2017, from $8.9 million, or 4.63 cents, in the year earlier period, the Auckland-based company sai...

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