none
none

ANSELL LIFTS PROFITS BY MORE THAN A THIRD

13-02-2015
by 
in 

Protective gloves and condom maker Ansell has lifted its first half profit almost 34 per cent after increasing sales strongly across its divisions.

The company reported a first-half profit of $US87.7 million ($112.8 million), up from $US65.6 million a year ago.

Ansell chairman Glenn Barnes said the companies acquisitions had been "delivering ahead of expectations."

In particular, the acquisition of US firm BarrierSafe is delivering very strong returns in its key medical and “single use” business units.

"While there are still more benefits to be realised from these acquisitions, their successful integration has allowed our balance sheet to strengthen and now positions us well for further strategic acquisition opportunities," said Ansell's CEO Magnus Nicolin.

Ansell said its sexual wellness business, which makes up 13 per cent of its revenue, recorded a 0.7 per cent rise in sales and 5 per cent increase in pre-tax profit.

The company's sales were up 20 per cent, with earnings per share rising 16 per cent, due to a larger number of shares on issue.

Ansell's interim dividend payment of US.20 cents a share was up 18 per cent, and will grow by more than twice that percentage for Australian investors after the recent slide in the local currency against the greenback.

However, the dividend is unfranked.

Related news & editorials

  1. 22.02.2018
    22.02.2018
    by      In
    As part of LAND 400 defence bidding, Australia stands to receive international technology that would allow world-leading ballistic armour to be produced in a local environment. 
    If bidding is sucessful, RUAG Australia will produce the cutting-edge ballistic armour for 225 Australian Army Combat... Read More
  2. 22.02.2018
    22.02.2018
    by      In
    As the sheer scale of corporate and private food waste continues to grow as a political and economic issue, more and more groups are stepping up to show just how much our wasteful practices are costing us. 
    The newly formed Australian Food Cold Chain Council aims to address food wastage by tackling... Read More
  3. 22.02.2018
    22.02.2018
    by      In
    Carnegie Clean Energy has received a grant of AU$3 million from the government of South Australia to build a 2MW battery system near Adelaide.
    The 2MW/500kWh storage project will be installed on the site of the former General Motors Holden manufacturing facility in Elizabeth.
    The grant was awarded... Read More
  4. 22.02.2018
    22.02.2018
    by      In
    Even as large automotive brands pulled out of Australian manufacturing, truck manufacturer Iveco has been pushing into the Australian market, increasingly selling and manufacturing on-shore. 
    Along with Volvo/Mack and Kenworth/DAF, Iveco is one of a few truck manufacturers still building in... Read More