CSL issues profit warning and flags big writedowns
Biotech giant's shares plunge 21% at market open on the ASX.
Profits and revenues are now forecast to fall when the full year results are released in August.
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ASX-listed biotech giant CSL has issued a profit warning and flagged around US$5 billion ($8.4b) of impairments due to the lower pricing of key products and the impact of the conflict in the Middle East.
CSL's shares dropped 21% to A$95.61 on the ASX's market open, in reaction to the news.
The
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