Ansell Plunges as Covid Disruptions Damage Earnings

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.