The Country
  • The Country home
  • Latest news
  • Audio & podcasts
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Rural business
  • Rural technology
  • Rural life
  • Listen on iHeart radio

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • Coast & Country News
  • Opinion
  • Dairy farming
  • Sheep & beef farming
  • Horticulture
  • Animal health
  • Rural business
  • Rural technology
  • Rural life

Media

  • Podcasts
  • Video

Weather

  • Kaitaia
  • Whāngarei
  • Dargaville
  • Auckland
  • Thames
  • Tauranga
  • Hamilton
  • Whakatāne
  • Rotorua
  • Tokoroa
  • Te Kuiti
  • Taumurunui
  • Taupō
  • Gisborne
  • New Plymouth
  • Napier
  • Hastings
  • Dannevirke
  • Whanganui
  • Palmerston North
  • Levin
  • Paraparaumu
  • Masterton
  • Wellington
  • Motueka
  • Nelson
  • Blenheim
  • Westport
  • Reefton
  • Kaikōura
  • Greymouth
  • Hokitika
  • Christchurch
  • Ashburton
  • Timaru
  • Wānaka
  • Oamaru
  • Queenstown
  • Dunedin
  • Gore
  • Invercargill

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / The Country

Skellerup notches up another record profit, lifts dividend

Jamie Gray
Jamie Gray
Business Reporter·NZ Herald·
17 Aug, 2022 09:03 PM2 mins to read
‌

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
Skellerup announced a record profit for the year to June. Photo / Supplied

Skellerup announced a record profit for the year to June. Photo / Supplied

Specialised rubber products manufacturer Skellerup's net profit rose 19 per cent to $47.8 million in the June year - another record.

The company had earlier forecast a net profit within a $44m-$47m range.

Skellerup's revenue jumped 13 per cent to $316.8m and its earnings before interest and tax (EBIT) gained 18 per cent to $66.8m.

The final dividend came to 13 cents, bringing the total to 20.5 cents - up 21 per cent on the previous comparable period.

Chief executive David Mair said the growth in earnings was the outcome of Skellerup's "unwavering focus" on working closely with key customers to provide engineered products used in a range of critical applications.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

"Our products are critical to the supply of safe potable water; the production of milk and milk products; the performance of appliances in homes and workplaces; health and hygiene in hospitals, shops and homes; the safety and comfort of sporting and leisure equipment; and the integrity of roofing systems on homes and workplaces."

Skellerup's Industrial Division EBIT was $39.1m, a record result and up 20 per cent on the previous year's.

The division generates 85 per cent of its revenue from international markets.

Advertisement
Advertise with NZME.

The Agri Division's EBIT was $33.6m, another record result and up 10 per cent.

Mair said agri's result underlined the importance of the essential dairy consumable products that Skellerup sells globally.

Skellerup also increased sales of dairy rubberware and footwear in the US and New Zealand markets.

Chair Liz Coutts, who is stepping down, said the group was in a robust financial position.

Skellerup's acquisition of Talbot Advanced Technologies last year had enhanced the company's capability and capacity to design and make engineered plastic products, she said.

Advertisement
Advertise with NZME.

In the year, Skellerup also increased its inventory to ensure that it could overcome longer shipping timeframes, port congestion and raw material shortages.

Skellerup said Coutts would retire as chair at the annual meeting on October 26.

She will be succeeded by John Strowger.

Save
    Share this article

Latest from The Country

The Country

Erica Stanford on Act's immigration plan

04 May 01:42 AM
The Country

'Forced off the land': Lifestyle block owner hits out at city's plan to make rates 'fairer'

03 May 11:38 PM
The Country

Farmers should be paid to use methane-busting tools - agritech leaders

03 May 11:24 PM

Sponsored

Future of wealth in NZ: A conversation with ASB CEO Vittoria Shortt

03 May 11:20 PM
Advertisement
Advertise with NZME.

Latest from The Country

Erica Stanford on Act's immigration plan
The Country

Erica Stanford on Act's immigration plan

On today's show: Erica Stanford, Tom Young, Pita Alexander and Phil Duncan.

04 May 01:42 AM
'Forced off the land': Lifestyle block owner hits out at city's plan to make rates 'fairer'
The Country

'Forced off the land': Lifestyle block owner hits out at city's plan to make rates 'fairer'

03 May 11:38 PM
Farmers should be paid to use methane-busting tools - agritech leaders
The Country

Farmers should be paid to use methane-busting tools - agritech leaders

03 May 11:24 PM


Future of wealth in NZ: A conversation with ASB CEO Vittoria Shortt
Sponsored

Future of wealth in NZ: A conversation with ASB CEO Vittoria Shortt

03 May 11:20 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • NZME Digital Performance Marketing
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2026 NZME Publishing Limited
TOP