Ansell doubles production as extraordinary demand to stay

Simon EvansSenior reporter

Feb 16, 2021 – 9.16am

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Key Points

Revenue ($USm) 937.8, up 25pc from year-earlier 765.5
Pre-tax profit ($USm) 137.4 v 83.9
Net profit ($USm) 106.5 v 65.8
Interim dividend (US¢) 33.2 v 21.8, payable on March 10

Medical glove and protective suit maker Ansell says demand will remain high for its products even when the pandemic is under control because of the steady need for better hygiene practices and the potential demand for annual COVID-19 vaccinations to combat a mutating virus.

Chief executive Magnus Nicolin said the company will bring on eight new production lines in the June half to keep up with the extraordinary demand, after an initial five extra lines were set up in the six months ended December 31.

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