Skellerup reports steady growth in first half

ERJ staff report (DS)

Auckland, New Zealand - Skellerup Industries has announced a record net profit after tax (NPAT) of NZ$11.5million (euro 7.2 million) for the six

months ended 31 December 2011, compared with $9.8m for the half-year to December

2010, an increase of 17.2 percent on the pcp.

Group revenues increased by 6.9 percent to NZ$ 103 million (euro 64.5 million) from NZ$ 96.3 million.

The Chief Executive Officer, David Mair, said Skellerup had been repositioned so that it can

grow earnings even with relatively flat sales and increasing competition.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Skellerup