Melbourne, Australia - Sales of Australian healthcare goods supplier Ansell increased by around 15 percent to Aus$975.4 million (â‚¬597 million) in the 12 months to June 2007.owever, pre-tax earnings (EBIT) fell two percent to Aus$96.5 million while net earnings fell 14 percent to Aus$79.1 million (â‚¬48.4 million).
The company blamed the fall in profits on higher latex prices, saying increased costs of latex reduced profits by Aus$14.5 million.
The company said in its professional glove division that powder-free and synthetic glove sales were up by double-digit percentages in all regions, with Europe (EMEA) and Asia-Pacific driving growth in the surgeons' glove sector.
Sales of synthetic latex gloves increased to around 12 percent of the surgeons' glove sector (from 10.6 percent in 2006). Overall, the surgeons' glove sector was worth Aust$ 168 million (2006: $A152.2 million). In the examination glove sector, synthetic gloves took 29 percent of the market of $A152.3 million, up from 27 percent of A$137 million a year earlier.
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Presentation from Ansell
Ansell slips as higher latex prices push earnings down 14% The Age (Australia)