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The world’s biggest gloves and condoms maker, Ansell Limited (ASX:ANN), has cautioned that its raw materials are being impacted by mixed costs.
Speaking at the company’s annual meeting CEO Magnus Lincoln reported that latex rubber and cotton prices were easing while synthetic rubber nitrile prices were increasing.
Over the last financial year Ansell absorbed more than $50 million in costs driven by the price of raw materials increasing.
Ansell says despite the current global economic uncertainty its businesses continue to perform as expected over the last year.
The company is forecasting 6-12 per cent earnings per share growth in the year ahead.
In the 2011 financial year Ansell posted a net profit of $126 million, up 15 per cent from the year before.
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$33.83 |
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0.400(1.20%) |
Mkt cap ! $4.948B | |||
| Open | High | Low | Value | Volume |
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| Last trade - 13.31pm 12/09/2025 (20 minute delay) ? |
| ANN (ASX) Chart |