Double-digit earnings fails to slow CSL’s A$11.5b share fall
CSL’s half-year earnings report comes a day after billions were wiped off its value following a failed drug trial.
The board approved an interim dividend of US$1.19 per share.
A 17% increase in net profit after tax (npat) to A$1.94 billion ($2.07b) for the six months to December 2023 has done little to slow the slide in CSL’s share price following an announcement yesterday that a new heart drug failed its trial.
Yesterday, A$7b was wiped off the market cap of the
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