The manufacturer blames the arid weather for weaker local demand and hints its North American and European sales are tracking below forecasts.
"The 2013 financial year is shaping up to be a tougher year for the company than the previous one," chairman Sir Selwyn Cushing says.
Ceo says the company has more opportunities than it can deal with.
Skellerup Holdings has moved chief financial officer Guy Keogh to a new role in its Agri division and started looking for a new CFO.
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