Ansell will cut ties with coronavirus profiteers

Simon EvansSenior reporter

Aug 25, 2020 – 9.18am

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Key Points

Revenue ($USm) 1613.7, up 7.7%
Pre-tax profit ($USm) 202.3, up 40.8%
Net profit ($USm) 158.7, up 42.1%
Final dividend (USc) 28.25, up 8.7%
Date dividend payable Sep 17

Protective suit maker Ansell says it will eventually cut ties with price-gouging manufacturers of vital chemicals in Malaysia after they rammed through aggressive price rises which took advantage of demand during the COVID-19 pandemic.

Magnus Nicolin said some manufacturers of acrylonitrile and butadiene, both crucial chemicals used to make single-use gloves in the global glove-making centre of Malaysia, had doubled prices at short notice.

Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide.