Skellerup is focusing on expanding its international sales, as spending in the dairy industry at home slows down.
The specialist plastics and gumboot maker's after tax profit jumped 22% for the year ending June to $24.7 million, as revenues grew more than 7% to just over $207 million.
The company - which supplies the dairy, mining and car industries with specialist rubber products - plans to reduce lead times as a way of winning more business in a competitive environment.
Skellerup chief executive David Mair says emphasis is also on growing its business in the US, China and South America, particularly as the New Zealand dairy industry appears to be slowing.
He says Skellerup manufactures some agri pumps in China which are exported to New Zealand, Ireland and other countries.
"But we have been selling locally in China as well, piggy backing off some of those farm developments, through Fonterra developments for example."
Mr Mair says because people associate the Skellerup brand with good quality and reliability, sales have been picking up.
He says in South America Skellerup is following the natural growth of the dairy industry.
Mr Mair says the dairy industry has slowed down in New Zealand in the last three months or so, but he expects it will come back.
He says Skellerup is working closely with the mining industry in Australia in developing solutions for mining-specific problems, which presents great income opportunities.
Mr Mair says Skellerup is also planning to relocate its Christchurch manufacturing plant and is currently looking for a new four hectare site within the region on which to build a new one.
Skellerup will pay an increased final dividend of 5 cents a share.
