Skellerup issues profit warning

ERJ staff report (DS)

Christchurch, New Zealand — Skellerup Holdings has reduced its profit forecast for the full year ended 30 June 2009. The company said the overall result for the year ended June 2009 is now projected to be a net profit after tax between NZ$8m and $9m (Euro 4 million), compared with approximately $11m predicted last February.

The company said, “markets for the Company’s Industrial Division products in Europe and the United States in particular have now deteriorated to a significantly greater degree than…

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