Ansell profit soars after condom sale

Company News

by Rachael Jones

Protective glove company Ansell (ASX:ANN) has reported its net profit jumped to US$484.3 million in the year to June 30 from US$147.7 million in the previous year.

Total revenue fell to $1.55 billion from $1,59 billion last year after they sold their Sexual Wellness condom business and reshaped their company with a greater focus on markets.

EBIT was up $557 million from 217.8 million on the prior corresponding period.

Final dividend up 5 per cent to US25.0 cents.

Shares in Ansell (ASX:ANN) is down 7.84 per cent to $25.63.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.