Manufacturing company Skellerup has posted a record first half net profit, up 20% to $28.9 million - and they've upgraded their full year earnings guidance.

The tariff hit is now expected to be just $2.5million this year - about half of what they originally feared. 

Chief Executive Graham Leaming told Mike Hosking that the company has made an effort in the US, and says the company's actions have helped prepare for the tariffs. 

"We have a strong presence on the ground in the US. We've got 50 people over there, so we understand our customers well and we understand the market well."

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Manufacturing company Skellerup has posted a record first half net profit, up 20% to $28.9 million - and they've upgraded their full year earnings guidance.
The tariff hit is now expected to be just $2.5million this year - about half of what they originally feared.&nbsp;
Chief Executive Graham Leaming told Mike Hosking that the company has made an effort in the US, and says the company's actions have helped prepare for the tariffs.&nbsp;
"We have a strong presence on the ground in the US. We've got 50 people over there, so we understand our customers well and we understand the market well."
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Graham Leaming: Skellerup Chief Executive celebrates record first half net profit amid tariff worries

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/11f9f2e9-c05d-49b7-937e-b3ef012fcbe7/transcript