Ansell profits decline on higher latex prices

Melbourne, Australia — Ansell Ltd reported net profit of US$38.3 million for the first half ended December 2006, down 11.5 percent compared with the previous corresponding period. Profit was down 15.7 percent if the previous corresponding period’s US$4.1 million write-down relating to the South Pacific Tyres (SPT) joint venture is excluded.

Sales, however, were up strongly, to $460 million, from $396 million.

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