Ansell Limited (ASX:ANN), a global leader in protection solutions, today announces that the sale of
its Shah Alam property in Malaysia has been completed.
The net sale price was MYR84.0m (approximately US$22.7m) and the after tax profit on sale was MYR65.6m (approximately US$17.7m).
This one time gain was not included in Ansell’s EPS Guidance provided in August 2014 nor in the guidance reconfirmed on the 9th of February, 2015.
The closure of the Shah Alam plant was announced by the Company on 30 June, 2014 as part of a comprehensive reshaping of operations. The transfer of production and related capital investments at Ansell Medical facilities in Melaka Malaysia and Biyagama Sri Lanka is on track for completion in early F’16, as originally communicated.