Australia's Ansell logs best day in six-years after profit doubles, upbeat FY27 forecast
BUZZ-Australia's Ansell logs best day in six-years after profit doubles, upbeat FY27 forecast ** Ansell's ANN.AX shares rise as much as 20.1% to A$41.93, their sharpest intraday gain since March 2020 and climbing to a five-year peak
** Medical glove maker reports net profit attributable of $208.6 million, more than double from last year, while revenue from ordinary activities was up 6.8% y-o-y
** Ansell says Middle East crisis in H2 added to supply constraints and costs, though the pricing actions and other measures helped cushion the impact
** Expects FY27 adj EPS of 158 cents to 170 cents, implying growth of up to 14.4% from 148.6 cents in FY26
** Declares final dividend of 41.5 cents per share, up from the previous year's final dividend of 28 cents per share
** Stock was last up 9.3%, pushing YTD gains to 9%
(Reporting by Rudrannsh Mehra in Bengaluru)
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Australia's Ansell logs best day in six-years after profit doubles, upbeat FY27 forecast
Brief: Ansell Posts FY Sales Of $2,140.2 Million