Rubber gloves manufacturer Ansell Ltd
(ASX:ANN) has posted an 18.3 per cent rise in full year earnings but says sales in the first half of 2010 will be lower.
Net profit for the 12 months to June 30 rose to $121.4 million from $102.6 million recorded the year before.
Revenue increased to $1.36 billion from $1.25 billion the year before.
The company said Australian dollar results were favourably impacted by a weaker Australian dollar over much of fiscal 2009.
In U.S. dollar terms profit fell to US$90.2 million from US$91.7 million.
Chairman Peter Barnes says Ansell expects a subdued global economic outlook in fiscal 2010.
Ansell says sales in the first half of fiscal 2010 will be down on Fiscal 2009’s first half but are likely to recover in the second half.
The company says it expects earnings per share of US56 - US62 cents for fiscal 2010.
Ansell has posted inconsistent net profits in the last five years.
