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.
 

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.