Skip to content

We want to clarify that IG International does not have an official Line account at this time. We have not established any official presence on Line messaging platform. Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Australian pharma company CSL posts strong half year profit

Shares of Australia's CSL were down on Wednesday, despite posting a 10% increase in its first half year profit

CSL pharma Source: Bloomberg
CSL Limited Pharmaceutical industry Australia United States Influenza Influenza vaccine

Australian pharmaceutical company CSL has post its first half profit, with a 10.1% increase following stronger drug sales.

CSL said the increase was due to stronger drug sales in the US, allowing the company to raise their full-year guidance higher range than earlier provided.

Net proft for the six months to December 31 came in at $1.2 billion on a constant currency basis, lifting from last year’s $1.1 billion.

Sales revenue for the six months to December 31 rose 8.6 per cent to $4.342 billion, and CSL raised its interim dividend to 85 US cents.

'This is a solid result and particularly pleasing given it follows a very strong comparative period,' chief executive and managing director Paul Perreault said in a statement.

CSL, Australia’s fifth-largest listed company said in a statement that it expected fiscal 2019 net profit to be around the upper end of the provided range of $1.88 billion to $1.95 billion on a constant currency basis. The majority of CSL's earnings come from influenza vaccine sales by its Seqirus division.

In October, the company's influenza vaccine for use in people six months of age and older was approved by the US Food and Drug Administration.

The company also said that demand for its plasma products were strong, and it plans to open between 30 and 35 new collection centres during the year

CSL's influenza vaccine business, Seqirus, delivered first-half earnings before interest and taxes of $300 million, compared to a full-year loss of more than $200 million three years ago, Mr Perreault said.

CSL share price

Despite the positive results, CSL Ltd shares were down 2.7% on Wednesday , at $188.44 at time of writing.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Seize a share opportunity today

Go long or short on thousands of international stocks.

  • Increase your market exposure with leverage
  • Get spreads from just 0.1% on major global shares
  • Trade CFDs straight into order books with direct market access

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.