Transformation Continues as Ansell Interim Result Meets Expectations; AUD 24 FVE Unchanged
Narrow-moat Ansell reported underlying net profit after tax of USD 66.6 million, up 24% on the prior corresponding period. With earnings typically stronger in the second half, the firm remains on track to meet our full-year net profit after tax forecast of USD 143 million. As such, there was little in the result that would alter our long-term view of the company. Ansell declared an interim dividend of USD 0.205, representing a payout ratio of 44.5%, in line with our forecasts.ÂWe adjust our fis...
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