NZ's Skellerup Holdings hits record high on strong annual results

Skellerup Holdings

21/08/2020 24:14

** Polymer products manufacturer's shares  SKL.NZ  climb as
much as 5.6% to an all-time high of NZ$2.63 
    ** SKL posts a 2% rise in FY revenue to NZ$251.4 mln ($164.3
mln), while net profit after tax came in at NZ$48 mln, in line
with previous year despite the impact of COVID-19  urn:newsml:reuters.com:*:nNZW6dGmyW 
    ** Christchurch-based Skellerup declares a final dividend of
7 NZ cents per share 
    ** Stock posts its biggest intraday pct gain since July 8
and is on track for a fifth straight rise
    ** As of Thursday's close, stock up 2.9% this year
    
    ($1 = 1.5302 New Zealand dollars)

 (Reporting by A K Pranav in Bengaluru; Editing by Tom Hogue)
 ((Pranav.AK@thomsonreuters.com; Twitter: https://twitter.com/AKPranav1))