CSL: Interim result 2014

CSL has reported a sure and steady interim result, with demand for its specialty products continuing to grow.

CSL‘s interim result produced no real surprises with revenue increasing 6% in constant currency terms from a year ago to US$2.7bn. Underlying net profit increased 8% to US$685m (which excludes a one-off litigation settlement of US$39m after-tax) and underlying earnings per share increased 12% to US$1.41 thanks to CSL’s ongoing share buyback. An interim dividend of $0.59 was also declared (unfranked, ex-date 12 Mar), up 21%.

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