Condom Maker Ansell's Net Profit Falls 70%

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Ansell’s net profit fell 70% to $US42 million in the year to the end of June.

The condom and protective clothing maker said the slide was due to restructuring costs of $US115 million.

Sales were up 16% to $US1.59 billion.

The full year dividend was up 6% to US 39 cents.

Managing director Magnus Nicolin said the restructure had created the opportunity to streamline the business and improve focus on the greatest growth potential.

Here’s the results details:

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