Skellerup Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2013; Provides Earnings Guidance for the Fiscal 2014
February 20, 2014 at 10:14 am
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Skellerup Holdings Limited reported unaudited consolidated earnings results for the six months ended December 31, 2013. For the period, the company reported revenue of NZD 97.3 million, EBITDA of NZD 19.3 million, EBIT of NZD of 15.6 million and net profit for the period attributable to owners of the parent of NZD 10.8 million or 5.61 cents per basic and diluted share against revenue of NZD 95.0 million, EBITDA of NZD 17.4 million, EBIT of NZD of 13.8 million and net profit for the period attributable to owners of the parent of NZD 9.5 million or 4.92 cents per basic and diluted share for the same period a year ago. Net Debt was NZD 3.4 million against NZD 4.5 million for the same period a year ago. Net cash flows from operating activities was NZD 13.0 million against NZD 14.6 million for the same period a year ago. Capital expenditure was NZD 4.1 million against NZD 5.1 million for the same period a year ago. Profit for the period before tax and earthquake insurance income was NZD 15.2 million against NZD 13.2 million for the same period a year ago.
For the fiscal 2014, the company expects NPAT to be in the range of NZD 22 million to NZD 24 million.
Skellerup Holdings Limited is engaged in the design, manufacture and distribution of precision engineered products. The Company's components and products are used in a range of everyday applications. Its segments include Agri, Industrial and Corporate. The Agri Division manufactures and distributes dairy rubber ware, which includes milking liners, tubing, filters and feeding teats, together with other related agricultural products and dairy vacuum pumps to global agricultural markets. The Industrial Division manufactures engineered products across a range of industrial applications, including potable and wastewater, roofing, plumbing, sport and leisure, electrical, health and hygiene. Its products are used throughout potable water and wastewater applications, flow control systems and construction. Its products are critical components within a range of home applications. Its vacuum systems, seals, injectors, couplings, and gaskets are utilized throughout the transport industry.
Skellerup Holdings Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2013; Provides Earnings Guidance for the Fiscal 2014