New Zealand's Skellerup hits record high after company upgrades annual profit view
14/07/2026 02:18
BUZZ-New Zealand's Skellerup hits record high after company upgrades annual profit view ** Shares of Skellerup Holdings SKL.NZ rise as much as 6.6% to a lifetime high of NZ$6.95
** Stock books its largest intraday pct jump since April 7
** The industrial and agri rubber products maker increases FY26 NPAT forecast to NZ$64 million-NZ$65 million ($36.97 million-$37.55 million) vs earlier outlook of NZ$57 million-NZ$62 million
** Attributes forecast upgrade to higher-than-anticipated U.S. sales among others
** Stock up 32% YTD, including the day's moves
($1 = 1.7310 New Zealand dollars)
(Reporting by Nikita Maria Jino in Bengaluru)
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New Zealand's Skellerup hits record high after company upgrades annual profit view