Ansell shares jump after profit growth prediction

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Ansell shares jump after profit growth prediction

Ansell increased full-year profit by 2.7 per cent as the rubber gloves and condom maker forecast that earnings per share would rise as much as 12 per cent this financial year.

Ansell shares gained rose 54 cents, or 4.1 per cent, to close at $13.68.

Net profit rose to $122.7 million for the 12 months to June 30 from $119.4 million a year earlier, Melbourne-based Ansell said in a statement on Monday.

Revenue declined 0.6 per cent to $1.228 billion.

The company said earnings per share rose 15 per cent to 91.6 US cents and forecast that EPS would increase to between 97 and 103 US cents in financial 2012.

AAP

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