August 16, 2009 / 10:53 PM / 10 years ago

Australia's Ansell posts 18 pct rise in net profit

MELBOURNE, Aug 17 (Reuters) - Ansell Ltd (ANN.AX), the world’s top rubber gloves maker, reported an 18 percent rise in annual net profit, with growth slowed by a downturn in U.S. manufacturers’ demand for gloves.

The company also gave an earnings forecast range of 56 U.S. cents to 62 U.S. cents per share for financial year 2010, which matched the top end of analysts forecasts.

Net profit rose to A$121.4 million ($100.7 million) for the year to June from A$102.6 million a year earlier, beating analysts’ forecasts around A$110.6 million, according to estimates tracker IBES.

Earnings per share in U.S. dollar terms were at 89.2 cents per share, above the group’s forecast of 65-70 cents a share. (Reporting by Sonali Paul and Saeed Azhar; Editing by Jonathan Standing)

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