When considering the impact of covid-19 on the supply chain and markets globally, the performance indicates resilience and robustness, the company said.
“It highlights the benefit of providing essential products, especially in the agri division, to international markets,” chief executive David Mair said.
“We increased sales of essential rubberware products into the United States, achieved operational gains despite the impact of covid-19 restrictions at our key Wigram facility and had a strong contribution from Silclear UK, our silicone rubber products business acquired last November.”
Skellerup declared an audited net profit after tax of $29.1m in the year ended June 30, almost exactly the same as the previous financial year.
Revenue was $251m, up slightly from the $246m previously.
Earnings per share were steady at 15c and the dividend will be maintained at 13c, half of which is imputed.
The agri division manufactures dairy consumables and rubber footwear, including milking liners, silicone tubing, teat sprayers and hose nozzles.
The industrial division generates two-thirds of revenue from marine decking and industrial seals and gaskets.
Demand was adversely affected for some products used in infrastructure and in oil and gas.
“Despite this, we are in a secure position for continued growth, with a strategy focused on specialist products across infrastructure, roofing, flow control, healthcare, medical and marine applications,” he said.
The company’s share price has recovered above $2.50 after taking a big hit down to $1.50 in March.
