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.