Ansell: Interim result 2014

Ansell is struggling to generate organic revenue growth, but acquisitions and higher margins in medical gloves helped push net profit up 15%.

Ansell has reported a mixed interim result. While revenue rose 9% to US$704m, like last year this was mostly due to acquisitions rather than organic growth, which was just 3%. Improved margins in medical gloves, however, helped earnings before interest and tax (EBIT) increase 20% to US$83m, while net profit rose 15% to US$66m and earnings per share increased 14% to US$0.50. The interim dividend was increased 18% to US$0.17 (unfranked; ex date 4 Mar), to give a current yield of 2.2%.

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