Skellerup announced today record unaudited earnings before interest and tax of $33.5 million for the six months ended 31 December 2022, an increase of 3% on the prior comparative period (pcp).
Net profit after tax (NPAT) was $23.0 million down 1% on pcp due to higher interest and tax costs.
The revenue increased by 10% on pcp and the Industrial Division EBIT increased by 14%.
The Agri Division EBIT was down 12% on pcp and the corporate costs were down 15% on pcp.
Operating cash flow was up 3% on pcp and net debt was up $13.8 million on FY22 year-end.
The Board declared a 7% increase in the interim dividend to 8.0 cents per share.
The full year NPAT forecast remains unchanged in the range of $48 to $52 million.
A presentation by management will be held by webinar at 9.30am NZ time today.
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