Ansell Limited
(ASX:ANN) has tied up the sale of its Shah Alam property in Malaysia for $US22.7 million.
The gloves and condoms maker expects the after tax profit on the sale to come in at about $US17.7 million.
The closure of the Shah Alam plant was announced mid last year as part of the group’s reshaping of operations but the one time gain has not been included in prior guidance.
Ansell advises the transfer of production and capital investments is on track for competition at the beginning of the following financial year.
Ansell reported a net profit of $108 million in the first half of the 2015 financial year.
