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Ansell upgrades guidance as profit lifts

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February 12, 2018

Protective glove maker Ansell has lifted its full-year earnings expectations.

Protective gloves and clothing supplier Ansell has lifted its full-year outlook for earnings per share from its continuing businesses to a range of 96 US cents to $US1.06, ($A1.23 to ($A1.37) up from its previous expectation of 91 US cents to $US1.01.

Ansell says the lift in guidance relates to the company's share buyback to date and a lower tax expense following US tax reform, plus the group's underlying business is performing in line with original forecasts.

Ansell on Monday reported a net profit of $US428.2 million ($A547.97 million) for the six months to December 31 - up more than 500 per cent - after the company benefited from a $US411.5 million gain on the sale of its sexual wellness business.

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