Australia's CSL sees profit at top of range

Tue Oct 14, 2008 7:16pm EDT
 
[-] Text [+]

MELBOURNE, Oct 15 (Reuters) - CSL Ltd (CSL.AX), the world's top maker of plasma products, said its profit for this year would be at the top end of a previously forecast range.

CSL said in August it expected its net profit this year to rise by 15-21 percent to between A$810 million ($566 million) and A$850 million, based on constant currency.

It said that if currency rates on Oct. 13 applied for the rest of the year, profit would be in the order of A$935 million to A$1.01 billion.

Analysts on average are expecting a net profit of A$899 million, according to Reuters Estimates, partly due to a 38 percent slide in the Australian dollar since the end of the last financial year.

The group, which also makes vaccines, is awaiting approval from U.S. anti-trust regulators for its $3.1 billion purchase of smaller rival Talecris BioTherapeutics from its private equity owners. ($1=A$1.43) (Reporting by Sonali Paul)

 

Companies In This Article

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better