.
Gloves and condoms maker Ansell Limited (ASX:ANN) looks set to benefit from a dispute between its rival Durex and its Indian partner.
Citigroup analyst Alex Smith has told Fairfax that Ansell could gain an additional $4 million in operating earnings for the first half of fiscal 2012, as a result of a shortage of Durex condoms on the shelf.
According to the report Durex is facing the condom shortages because its Indian partner stopped supplying the company in May due to a dispute over distribution rights.
While a Durex spokeswoman has denied that Australian condom supplies will be disrupted, sharemarket analysts have told Fairfax that Ansell’s earnings could rise by millions of dollars.
Yesterday shares in Ansell added 0.66 per cent to close at $13.79.
In the first half of its 2011 financial year, Ansell posted a net profit of $66.1 million.
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Last
$33.43 |
Change
-0.540(1.59%) |
Mkt cap ! $4.878B | |||
| Open | High | Low | Value | Volume |
| $33.77 | $33.79 | $33.22 | $12.07M | 362.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 311 | $33.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.44 | 237 | 4 |
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| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| ANN (ASX) Chart |