Ansell Limited
(ASX:ANN) has forecast higher earnings per share in the year ahead while posting an annual profit drop.
The gloves and condoms maker’s net profit fell 70 per cent to $US42 million in the 2014 financial year.
The net profit was impacted by a $US115 million restructuring charge as Ansell’s underlying profit rose 13 per cent.
Chairman Glenn Barnes says strong results have been delivered in the midst of significant change and the company has a strong platform for growth.
Looking ahead Ansell expects to boost earnings per share by between 7 per cent to 15 per cent over the current 2015 financial year.
An unfranked final dividend of $US0.22 per share has been declared, taking the full year payout to $US0.39 per share.
