close
MENU
Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
3 mins to read

Skellerup faces mixed results amid CEO exit

With CEO David Mair’s exit, Skellerup reports dip in profits and revenue, yet sees strength in Industrial Division.

Skellerup has reported mixed half-year results.

Liam Rātana Thu, 15 Feb 2024
Key points
  • Revenue: Down 5% to $157.5m.
  • Net Profit: Down 6% to $21.6m.
  • Key Takeaway: Dividend increased to 8.5 cents per share, up 6% on the previous period, signaling confidence in the long-term growth trajectory.

Listed industrial and agricultural products manufacturer Skellerup has revealed a mixed financial performance for HY24, as well as the unexpected resignation of chief executive David Mair.

Amid a backdrop of economic fluctuations and market adjustments, the company reported an unaudited net profit

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Liam Rātana Thu, 15 Feb 2024
Contact the Writer: liam@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Key points
  • Revenue: Down 5% to $157.5m.
  • Net Profit: Down 6% to $21.6m.
  • Key Takeaway: Dividend increased to 8.5 cents per share, up 6% on the previous period, signaling confidence in the long-term growth trajectory.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
Volume
Avg Daily Volume
Daily High
Daily Low
52 Week High
52 Week Low
Skellerup faces mixed results amid CEO exit
Investment,
102727
true