Ansell Limited (ASX:ANN) Half Year Profit Up 12% To US$61.0 Million
Sydney, Feb 9, 2011 AEST (ABN Newswire) - Ansell Limited (ASX:ANN) (PINK:ANSLF) today announced Profit Attributable for the first half of US$61.0m, up 12% on the previous year's US$54.3m.
EPS in Ansell's operating currency, the US dollar, rose 14% from F'10 H1 driven by strong sales, the benefits of past restructuring actions, lower interest and tax expenses.
Based on this, the Board declared an Interim Dividend of A$14.0cent a share, unfranked and payable on 16 March, 2011.
Ansell's Chairman, Mr Peter Barnes commented: "This was a challenging six month period, as Ansell faced substantial increases in key raw material costs and adverse foreign exchange movements, continued to invest significant resources in Fusion (the company's major ERP project) and implemented a major reorganisation.
I am pleased to report that, even with these substantial pressures, the half's results were up solidly enabling your Board to continue its well established program of increasing dividends."
Ansell's CEO, Magnus Nicolin, stated: "Last July's reorganisation into four Global Business Units (GBU's) has been completed ahead of schedule. The GBU's have responsibility for strategy, innovation, global marketing and brand development and have made significant progress on a more focused innovation agenda as well as on driving simplification. We continued to make steady progress on Project Fusion, and expect to commence a phased implementation with the roll out of the new ERP system in the Americas Region in the 2nd half."
For the complete Ansell announcement including a presentation, please view the following link:
About Ansell Limited
Ansell Limited (ASX:ANN) is engaged in providing health and safety protection solutions. The Company designs, develops and manufactures a range of full body protection solutions. It is engaged in the development, manufacturing and sourcing, distribution and sale of gloves and protective personal equipment in the industrial and medical gloves market, as well as the sexual wellness category. It operates in four business segments: Industrial Global Business Unit (GBU), Medical GBU, Single Use GBU and Sexual Wellness GBU. The Industrial GBU segment consists of multi-use hand, foot and body protection solutions for industrial worker environments and specialty applications. The Medical GBU segment includes surgical and examination gloves, healthcare safety devices and active infection prevention products for healthcare professionals and patients. The Single Use GBU segment includes single use industrial application gloves. The Sexual Wellness GBU segment includes condoms, lubricants and devices.