CSL FY Net Profit Down

Australian biotech company CSL Ltd. (CSL.AX,CMXHF.PK) reported net profit
after tax of US$2.255 billion for the full year ended 30 June 2022, down 6% on a
constant currency basis. On a per share basis, earnings declined to US$4.81 from US$5.22 in the previous year.

Net profit after tax for the year attributable to members of the parent entity down 5% to US$2.255 billion. Underlying net profit after tax for the year at constant currency down 6% to US$2.236 billion.

But total revenue for the year grew to US$10.56 billion from US$10.31 billion in the prior year.

Looking ahead for fiscal year 2023, CSL expects net profit after tax to be about US$2.4 billion to US$2.5 billion at constant currency, returning to strong sustainable growth. It excludes CSL Vifor earnings and costs associated with the acquisition.

By 2030, the company targets a reduction of 40% of absolute Scope 1 & 2 emissions against a baseline of the average annual emissions across FY19-21. The company Intends to ensure suppliers who contribute 67% of Scope 3 emissions have set Scope 1 & 2 reduction targets, aligned with the Science-based targets initiative.

The company will pay a final dividend of US$1.18 per ordinary share, 10% franked, bringing dividends per share for 2022 to US$2.22 per share.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retailers Macy's, Inc. (M) and Dollar General Corp. (DG) reported on Thursday that net profits for the first quarter declined from last year, with Macy's topping estimates, while Dollar General missed it. Net sales at both retailers missed expectations. Both Macy's and Dollar General also slashed their guidance for the full-year 2023. The U.S. Food and Drug Administration has warned certain retailers against unauthorized sales of popular disposable e-cigarettes, mainly various types of Puff and Hyde brand e-cigarettes. Under the retailer inspection blitz, warning letters have been issued to 30 retailers, including one distributor, for illegally selling such products. All products cited in the warning letters are disposable Tillamook County Creamery Association is recalling a limited quantity of family-size 1.5qt cartons of Tillamook Waffle Cone Swirl ice cream due to undeclared wheat and soy, known allergens, the U.S. Food and Drug Administration said. The Tillamook Waffle Cone Swirl ice cream was mistakenly packaged in a Tillamook Chocolate Peanut Butter ice cream carton.
Follow RTT