Ansell’s pandemic boom passes its peak
Key Points
- Full-year revenue ($USm) 2026.9, up 26pc
- Pre-tax profit ($USm) 318.1, up 60pc
- Net profit ($USm) 246.7, up 58pc
- Final dividend (US¢) 43.6 v 28.25
- Date dividend payable: September 16
The pandemic profit boom for medical gloves and protective suit maker Ansell that helped the group declare a record final dividend on Tuesday may have passed its peak.
Soaring shipping costs, temporary shutdowns of some factories in Asia and an oversupply of single-use gloves at the lower end of the market are crimping the outlook. They triggered the biggest intra-day fall in the company’s shares since last November, with the stock tumbling 9 per cent to $36.85 in early trading on Tuesday. Just before the close, the shares were down 9.8 per cent.
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