Ansell: Improved margins drive EBIT growth

Company News

by Jessica Amir

Ansell Limited (ASX:ANN) has announced its sales fell to US$775.8 million for the first half of the 2017 financial year.

The manufacturer of gloves and condoms says its sales fell 1.1% while its operating cash flow also fell 6% both from the prior corresponding period, amid a 'mixed global environment'.

Despite the sales slide, its EBIT rose by 5.3% and earnings per share advanced 3.9%.

The company dividend also firmed higher to US20.25  cents

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.