Photo: SkellerupChristchurch-based manufacturer Skellerup has turned in a record $19.5 million half-year after-tax profit - and increased its full-year guidance amid strong growth across all business divisions. The company was founded by George Skellerup in 1910 when he opened his first retail store in Christchurch then called Para Rubber Company. SIL is part of the Skellerup Holdings Limited Group of companies which is listed on the NZX stock exchange. Operating earnings from Skellerup's agri division rose 56 per cent to $15.3m while earnings from the industrial division climbed 52 per cent to $15.5m. Skellerup shares rose 20c, or 4.94 per cent, to $4.25 after the announcement.

Source: Otago Daily Times February 18, 2021 00:44 UTC