Ansell: Interim result 2013

Difficult economic conditions in Europe have resulted in a poor first-half result from the gloves and condom maker, with profit down 14%.

Despite revenue growing 6% to $648.1m, Ansell’s net profit contracted 14% to $57.1m for the half-year ended 31 December. Earnings per share came to 42 cents, from which a 16 cent dividend was declared (unfranked, ex date 21 February). Management also announced a new 2m-3m share buyback.

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