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Ansell Plunges as Covid Disruptions Damage Earnings – The Age

The company, which is due to report half year earnings in a fortnight, released a trading update which lowered its 2022 earnings per share forecasts from its previous guide.


Ansell
A worker carries out a test on a glove at a factory. Photo: Reuters.

 

Ansell shares have slumped after the gloves and protective gear maker downgraded earnings guidance to factor in production challenges including Covid cases at its production facilities and a major supplier being banned from importing into the US, The Age reported.

The company, which is due to report half year earnings in a fortnight, released a trading update which lowered its 2022 earnings per share forecasts from its previous guide of 175-195 cents to a range of 125-145 cents.

 

Read the full report: The Age
 


 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.