Ansell's statutory profit attributable fell to $11.7 million

Company News

by Rachael Jones

Industrial glove maker Ansell (ASX:ANN) reported total group statutory attributable profit fell to $11.7 million for the year ending 30 June falling over 70 per cent from $484.3 million the prior corresponding.

Uncertainty around US import tariffs and a weakened European economy have been given as the reason.

Statutory continuing EPS of US82.6 cents, is down year on year after expenses from transformation program as well as increasing effective tax rates.

Sales from continuing operations up 0.6 per cent.

Shares in Ansell (ASX:ANN) are trading 6.18 per cent higher at $24.47.