Late Wednesday night global glove and condom manufacturer Ansell (ASX: ANN) downgraded its earnings forecast following weak first half sales. The company cut its 2015-16 earnings per share (EPS) expectations to between US$0.95 to US$1.10, down from previous guidance of US$1.05 to US$1.20. The company said lower than anticipated January sales and global economic volatility had caused earnings to fall short of the previous guidance range. Ansell shares closed down 25% for the week. We do not own Ansell in the investment portfolio.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.