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ANN $25.54

News: Ansell acquisitions help H1 profit grow 34%

  1. Ansell Limited (ASX:ANN) says it is on track to deliver on its strategic objectives after increasing its interim net profit by 34 per cent on the back of recent acquisitions.   
    The gloves and condoms maker delivered a first half net profit of $US87.7 million while sales grew 20 per cent to $US847.3 million. 
    Ansell says it has observed improving conditions in the US, offset by weaker demand in Europe and Brazil, economic turmoil in Russia and uncertainty in the Middle East and Africa. 
    Looking ahead Ansell expects these uneven conditions to continue in the second half but the company has confirmed its annual earnings per share guidance.  
    A sweetened interim dividend of $US0.20 per share has been declared.

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