Skellerup Holdings has provided initial guidance for the 2025 financial year, ahead of its annual shareholders' meeting.
Chair, John Strowger, said the year had started well, with first-quarter earnings up more than 20%.
He attributed this to the drive of the team and the quality of the business.
The industrial division performed well, with sales growth in important applications.
However, the agri division's result reverted to a more normal seasonal pattern, with stronger sales of dairy rubberware in international markets, compared to the prior period, which was affected by customer destocking activity.
Lower footwear sales in New Zealand, due to economic conditions, partially eroded the improvement.
Based on year-to-date results and expectations of customer demand, Skellerup expects its net profit after tax for FY25 to be in the range of $52 million to $57m.
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