First Impressions Profit Report: Ansell (ANN) - A soft outlook for FY16
Moving into F’16, currency rates are assumed to remain similar to the average levels seen in the 4th quarter of F’15. An increase in the effective tax rate to 20-21% is expected with Australian income likely to incur a P&L tax charge starting during 2H F’16 as carry forward losses are fully recognized on balance sheet with no additional DTA benefit anticipated. Click her to view our latest report: (VIEW LINK)
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.