Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

CSL Annual Profit Jumps 8.3% to $1.3B on Blood Treatments

Aug. 13 (Bloomberg) -- CSL Ltd., the world’s second-biggest maker of blood-derived therapies, reported a profit increase of about 8 percent, boosted by sales of injectable antibody treatments.

Net income rose to $1.31 billion, or $2.70 a share, in the year ended June, matching the average estimate of 13 analysts. The maker of the Hizentra infection-fighting infusion had restated profit of $1.21 billion, or $2.43 a share, a year earlier. Total revenue advanced 8.6 percent to $5.55 billion, Melbourne-based CSL said in a statement today.

Paul Perreault, who succeeded Brian McNamee as chief executive officer in July last year, predicts profit will increase about 12 percent in the current year, based on constant exchange rates.

“Double-digit growth in immunoglobulin, albumin and our specialty products portfolio underpinned our strong result,” Perreault said. “We continue to see robust global demand for plasma therapies.”

CSL gained 3.1 percent to A$67.56 in Sydney trading. That pared its loss this year to 2 percent, compared with a 3.1 percent advance for the benchmark S&P/ASX 200 Index.

Profit in the latest period includes a $39 million after-tax settlement on an antitrust class action in the U.S. After completing 93 percent of a A$950 million ($880 million) share buyback, CSL will consider repurchasing as much as A$950 million more its shares, it said.

To contact the reporter on this story: Jason Gale in Melbourne at j.gale@bloomberg.net

To contact the editors responsible for this story: Anjali Cordeiro at acordeiro2@bloomberg.net Jason Gale, Frank Longid

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.