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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

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Liam Rātana Thu, 15 Feb 2024
Contact the Writer: liam@nbr.co.nz
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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
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52 Week High
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Skellerup faces mixed results amid CEO exit
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