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Ansell’s pandemic boom passes its peak

Simon Evans
Simon EvansSenior reporter

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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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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/ansell-s-pandemic-boom-passes-its-peak-20210823-p58l5q