| Australian condom and rubber glove maker Ansell Ltd said underlying full-year profit grew 20 percent but warned that adverse foreign exchange rates will hit its bottom line in the year ahead, sending its shares sharply lower. The Melbourne-based firm which reports in U.S. dollars said net profit came in at $187.5 million for the year to June 30, up from an underlying profit of $157 million the previous year.
Looking ahead, it warned of "significant uncertainty" about economic conditions due to potential foreign exchange volatility. It said it expected earnings per share of between $1.05 and $1.20 in the 2015-16 financial year, down from $1.22 in 2014-15...............................................Full Article: Source
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