CSL: Interim result 2019

CSL's antibodies and vaccine business had a strong six months, but albumin sales continue to lag.

It's no fun to get a dose of the flu, but a bad flu season can work wonders for CSL's shareholders. The company's Seqirus division - the second largest flu vaccine maker in the world - saw revenue rise 21% in the six months to December. The result was driven by the harsh flu season and a large increase in sales of CSL's 'quadrivalent' seasonal flu vaccine, which offers protection against four strains of influenza, rather than the usual three. The extra protective factor of the quadrivalent vaccine commands higher prices, which helped to improve Seqirus's operating margin.

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