Skellerup raises forecast on strong business

ERJ staff report (DS)

Christchurch, New Zealand -- Skellerup Holdings has raised its profit forecast for the 12 months to 30 June 2010.

The company issued a statement saying it, "Due to improved revenues and earnings across both the Agri and Industrial

Divisions during the second half and particularly during the fourth quarter, Skellerup's revised expectations for et Profit after Tax (NPAT)for the 2010 year is now in the range of $10.0m to $11.0m."

The Chairman, Sir Selwyn Cushing said "That while in some parts of the

business, particularly for those products traded into non consumable markets,

we are still in recessionary conditions. It has nevertheless been an

excellent second half for Skellerup."

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Press release from Skellerup