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Ansell says sale of condom business is progressing, posts flat profit
February 12, 2017 / 10:30 PM / a year ago

Ansell says sale of condom business is progressing, posts flat profit

SYDNEY, Feb 13 (Reuters) - Australian rubber products maker Ansell Ltd said on Monday it had received several expressions of interest for its condom business, as it reported flat profits for the half-year ended Dec. 31.

Ansell in August flagged the possible sale of its profitable condom-making business, sending shares soaring, despite an earnings hit then from foreign exchange fluctuations.

“We have received multiple expressions of interest with several parties now advancing in a process supported by Goldman Sachs,” Ansell Chairman Glenn Barnes said in a statement.

Half-year profit was $69.8 million, Ansell said on Monday in a statement to the Australian Securities Exchange. That compared with $69.6 million previously. Earnings per share were 47.7c, tracking slightly behind full-year guidance of between $1 and $1.12, although the company reaffirmed that guidance.

The company declared an interim dividend of 20.25c, edging higher than 20c a year ago.

The company reports in U.S. dollars, so all figures are in that currency.

Reporting by Tom Westbrook; Editing by Peter Cooney

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