Ansell profit rises on pandemic-related demand, sees strong full-year earnings

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Yajush Gupta Reuters
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Australia's Ansell Ltd reported a 5.2% rise in annual profit, helped by a surge in the sales of personal protective equipment and health care products during the COVID-19 pandemic and said it expected to report higher earnings next year.

Aug 25 (Reuters) - Australia's Ansell Ltd ANN.AX reported a 5.2% rise in annual profit, helped by a surge in the sales of personal protective equipment and health care products during the COVID-19 pandemic and said it expected to report higher earnings next year.

The Australian medical and industrial glove maker reported an adjusted profit of $158.7 million for the year ended June 30, up from $111.7 million a year earlier.

It expects fiscal 2021 earnings between 126 and 138 cents per share, higher than the 121.8 cents per share it reported for full-year 2020.

(Reporting by Yajush Gupta in Bengaluru)

((Yajush.Gupta@thomsonreuters.com; +91 88024 43398))

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