CSL profit jumps and its shares hit $200

Nicholas Kamm/AFP/Getty Images
  • CSL’s full year net profit after tax was $1.73 billion, up 28%.
  • Revenue was $7.9 billion, up 11%.
  • The full year dividend was $1.72 per share, up 26%

Blood products group CSL posted a 28% rise in full year net profit after tax to $1.73 billion, partly due to a tightness in supply of plasma and a lift in sales of ‘flu vaccines.

In early trade, CSL shares were up about $2.45, or 1.2%, to $204.14.

“The strength of our results reflects the execution of our strategy and patient-focused workforce,” says Paul Perreault, CSL’s Chief Executive Officer and Managing Director.

“The tightness in supply of our key raw material, plasma, has been a feature across the industry this year.

“The CSL Plasma team have opened 27 new collection centres in the US — a growth rate unmatched in the industry. CSL now operates 206 plasma collection centres worldwide.”

The biotech says seasonal influenza vaccine sales were up 53%.

The company expects net profit after tax for 2019 to be in the range of $1.88 billion to $1.95 billion, representing growth of 10% to 14%.

The 2018 results at a glance:

Source: CSL

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