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Australia's Ansell full year profit down 7 pct, misses forecast

Published 14/08/2017, 08:47 am
© Reuters.  Australia's Ansell full year profit down 7 pct, misses forecast

Aug 14 (Reuters) - Australian rubber-products maker Ansell Ltd ANN.AX said on Monday its full-year profit fell 7.2 percent, missing forecasts, hurt by rising raw material costs and one-off charges from the sale of its condom business.

Net profit for the 12 months to June 30 fell to $147.7 million from $159.1 million a year ago. That compares with an estimate of $155.6 million according to 7 analysts polled by Thomson Reuters I/B/E/S.

The company declared a final dividend of 23.75 cents per share, up from 23.5 cents a year ago. The company reports in U.S. dollars.

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