none
none

Ansell lifts profit with popular new products

31-08-2010
by 
in 
Ansell lifts profit with popular new products

Ansell, a global leader in healthcare safety and protection solutions, including industrial gloves and protective clothing, has reported a 14.9 per cent rise in interim net profit for the six months ended December 31, last year.

Ansell’s interim net profit for the six-month period was A$72.4 million.

The profit boost was largely due to the popularity of new products and defied economic weakness in a handful of its markets.

The protective equipment maker's revenue rose 9 per cent to .6 million in the six months ended December 31. Earnings before interest and tax increased 20 per cent to .7 million.

The company reiterated guidance of full year earnings per share in the range of .10 to .16. EPS for the first half came in at .6¢, which was just below consensus of US50.2¢. Excluding the effect of a dilutive share issue in December, in anticipation of the million BarrierSafe acquisition, EPS rose 15 per cent to the consensus estimate of US50.2¢.

Ansell chief executive Magnus Nicolin said organic growth in Ansell's three units that sell to businesses, medical, industrial and specialty markets, approached 4 per cent in the second quarter and was 2.6 per cent for the interim period.

"A moderate improvement in economic conditions contributed to growth rates, although mostly offset by significant economic weakness in select markets such as Australia, Russia and Turkey," Mr Nicolin said in a statement.

Mr Nicolin said sales of products less than three years old were up 20 per cent on the first half of the previous financial year. "However, these numbers are still below our targeted growth rate and further enhancements to the "go to market" element of innovation are now being implemented," he said.

Ansell's share price has gained 24 per cent in the past 12 months, compared to a 6 per cent rise in the S&P/ASX 200 index.

The company declared an unfranked dividend of 17¢ a share, to be paid on March 25. The dividend is 1¢ higher than the previous corresponding period.

Related news & editorials

  1. 21.11.2017
    21.11.2017
    by      In
    Darcy Ewing of Kurrupt Kustoms in Albury NSW was running compressed air from a 6-year-old reciprocating piston-style compressor when (in his own words) it virtually “S*** itself!”.
    This left his high-end auto body and customisation shop in real trouble with a total shutdown of all essential... Read More
  2. 21.11.2017
    21.11.2017
    by      In
    If the recent upheavals in Australian manufacturing illustrate one truth, it is the absolute necessity for forward planning, and more to the point, the importance of planning for growth – regardless of a company’s existing size.
    While the ambition to grow a manufacturing operation is one thing,... Read More
  3. 21.11.2017
    21.11.2017
    by      In
    Blockchain technology was invented to make the world’s first crypto-currency, Bitcoin, possible. Traditional currencies rely on intermediaries like governments, banks and clearing houses to guarantee their value and process transactions. Bitcoin uses digital technologies to cut out these middlemen... Read More
  4. 21.11.2017
    21.11.2017
    by      In
    Australian Tank Engineering (ATE Tankers) has been engineering and manufacturing tankers in Australia for nearly two decades. But whereas most vehicle manufacturers have seen sales decline in recent years, ATE has elevated itself through the trend with a transformative mindset that has enabled the... Read More