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CSL profit jumps 45pc as flu business soars

Yolanda Redrup

Key Points

  • Revenue ($USm) 5739.4,  down 16.9pc from year-earlier 4910.6
  • Pre-tax profit ($USm) 2250.9 v 1561.3
  • Net profit ($USm) 1810.0 v 1248.0
  • Interim dividend (US¢) 104.0 v 95.0, payable April 1

Blood products giant CSL notched up its fastest profit and revenue growth in recent years despite a uniquely challenging first half, after its flu business delivered an “exceptionally strong” performance.

Net profit surged a massive 45 per cent to $US1.8 billion ($2.32 billion) in the six months to December 31, while revenue leapt 16.9 per cent to $US5.7 billion. Usually, low double-digit revenue growth is considered a strong result.

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/csl-profits-boom-45pc-as-flu-business-soars-20210217-p573fu