NZ's Skellerup marks best session in over 11 months on H1 outlook upgrade

Skellerup Holdings

03/02/2022 03:28

** Shares of Skellerup Holdings Ltd  SKL.NZ  gain as much as
5.6% to NZ$6.400, their biggest intraday pct rise since February
2021 
    ** The polymer products maker upgrades outlook for its
first-half net profit after tax (NPAT) on maintained strong
demand for its potable water, marine, roofing and construction
products  urn:newsml:reuters.com:*:nNZWc8xm2h
    ** Says it now expects NPAT for the six months to be about
NZ$23 mln ($15.25 mln), up 18% on pcp
    ** Stock at its highest mark since Jan 11, on track for its
fourth straight session of gains
    ** Trading volumes of 110,847 shares are more than the
30-day avg volume of 107,952
    ** Skellerup was one of the biggest percentage gainers on
the S&P/NZX 50  .NZ50  bourse
    ** Stock down 4.4% in 2022, as of last close

   ($1 = 1.5085 New Zealand dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))