SYDNEY, Australia (Feb. 18)—Ansell Ltd. turned a profit of $10.8 million in the first six months of its fiscal year, rebounding from a $47.3 million loss a year ago. Ansell management believes the company is on track to achieve double-digit earnings growth for the full year. Sales increased 1 percent to $363.1 million in what Ansell termed a "difficult global economic environment." Sales growth was driven by strong worldwide demand for powder-free surgical gloves, Ansell said, although supply was hampered somewhat after the transfer of production to the firm's Shah Alam, Malaysia, factory from a closed U.S. plant took longer than anticipated. Retail condom sales grew strongly, including a double-digit increase in the U.S. Condom manufacturing costs have been reduced following the transfer of production to Asia.
Ansell reports $10.8 million profit for half-year
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