Calf rearers say goodbye to leaky teats, poor feeder fit
Leaky teats and poor feeder fit are now a thing of the past for calf rearers - thanks to the Thriver range of calf teats from Skellerup.
Rising sales of dairy consumable products helped Skellerup deliver a record net profit of $48 million last financial year.
The 19% jump in net profit came on the back of a 13% increase in revenue, which reached $317m.
Earnings before interest and tax (EBIT) for the agri division topped $34m, up 10% on the previous year. Agri revenue was $110.6 million, up 8%.
Skellerup chief executive David Mair says the result continues to underline the importance of the dairy consumable products that Skellerup design, manufacture and sell globally.
“Our agri division is a world leader in the design and manufacture of essential consumables for the global dairy industry and the design and manufacture of rubber footwear for farming and specialty applications including fire, forestry and electricity,” he says.
Skellerup increased sales of dairy rubberware and footwear in the US and New Zealand markets.
The company claims that further productivity gains at its large NZ and China manufacturing facilities helped offset the significant impact of increased raw material prices and freight cost.
“We have also increased our technical resources and invested in additional capacity to provide the platform for further growth,” says Mair.
The industrial division EBIT was $39 million, up 20%.
Mair highlighted Skellerup’s continuing investment in systems and people to deliver sustainable financial returns.
“We regard investment in systems, process and people as critical to our future success. This requires not only investing in systems but ensuring we carefully evaluate our performance, injecting new people into our businesses to challenge and improve what we do.”
Outgoing Skellerup chair Liz Coutts says the strong financial position allows the company to continue growing returns for shareholders.
A final dividend of 13c/share will be paid to shareholders in October, bringing the year’s total dividend to 20.5c/share.
Coutts will step down at Skellerup’s annual meeting on October 26 and will be succeeded by John Strowger.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.
OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…
OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.