Skellerup today announced record audited net profit after tax of $47.8 million for the year ended 30 June 2022, a 19% increase over the previous record result.

Revenue for the year was up 13%, earnings before interest and tax (EBIT) was up 18%, and operating cash flow was down 26%.

Net debt of $25.2 million was an increase of $16.5 million on the prior comparative period (pcp).

The total dividend pay-out for the financial year was 20.5 cents per share, up 21% on pcp.

Skellerup's CEO, David Mair, noted the growth in earnings was the outcome of the company's focus on working closely with key customers to provide engineered products used in a range of critical applications.

The company also announced the retirement of Chair Liz Coutts and her succession by John Strowger.

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