Ansell Ltd Sales down with rise in EPS
Sales down with rise in EPS:Ansell Ltd (ASX: ANN) reported a 1.1% drop in 1H FY17 revenues to US$775.8 million. Industrial growth brands reported an 11% rise. EBIT however grew by 5.3% to US$ 104.6 million contributing a 3.9% rise in EPS. Interim dividend of US 20.25 cents has been declared, up 1.25%. Nitritex Acquisition has strengthened Ansell Life Science Position. Nitritex has a broad portfolio of products under bioClean TM brands in the areas of clean rooms and healthcare consumables. Gloves accounts for ~60% of its sales. The company has also reported 10% growth in emerging market. Going forward, the company expects EPS to be about 2 cents accretive in FY18.
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