NewsBite

CSL shares slide on ‘dampened’ Vifor outlook

Ben Potter

Shares in CSL slid for a second day on Tuesday after the blood products giant said it had “dampened our near-term growth aspirations” for the Vifor iron deficiency and kidney disease therapies business purchased for $US11.7 billion in 2022.

The shares slid 3 per cent to $281.06 by mid-afternoon as news of Vifor’s downgraded outlook overshadowed an 11 per cent increase in underlying first-half net profit to $US2.017 billion ($3.11 billion), a similar increase in the interim dividend and confirmation of double-digit earnings growth for the medium term.

Loading...
Ben Potter was a senior writer at The Australian Financial Review.

Read More

Latest In Healthcare & fitness

Fetching latest articles

Most Viewed In Companies

    Original URL: https://www.afr.com/companies/healthcare-and-fitness/csl-shrugs-off-trial-setback-to-post-double-digit-earnings-growth-20240208-p5f3db