Skellerup issues higher profits forecast

ERJ staff report (DS)

Christchurch, New Zealand -- Skellerup Holdings Limited (Skellerup) has issued higher forecasts for its after-tax profit for the year ended 30 June 2011.

In a 15 December statement to the New Zealand Stock Exchange, the company said, “Due to improved revenues and earnings across both the Agri and Industrial Divisions during the first five months of the current financial year, Skellerup's revised expectations for NPAT for the 2011 year is now in the range of $18.5m to $19.5m (around euro 10.6 million) (previously $16m to $17m).

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Statement posted at NZX Ltd