What struggle am I missing.
Quote:
Originally Posted by
percy
And the struggle continues.
No surprises there.!!
Todays 1H report was slightly down on revenue and profits but full year for cast is unchanged.
The company has made very steady profits of around $20mil for the last 6 years, this was through a difficult time were their manufacturing plant in Chch was effected by the earthquake. SKL has recently rebuild there manufacturing plant this is now running to expectation.
All this would have taken a lot of management time.
Chair Liz Coutts said Skellerup’s results and financial position represented a solid performance and robust position and noted the Board and management are focussed on earnings growth.
Any reason why we should doubt Liz Coutts.
Remember SKL has paid about 8% gross dividend the last few years.