CSL Ltd Strong NPAT growth
Strong NPAT growth: CSL Ltd (ASX: CSL) reported for a net profit after tax (NPAT) of $806 million for the six months ended December 31, 2016. This witnessed a growth of $87 million or 12% on a reported basis against the prior comparable period (PCP). The underlying NPAT grew 36% and earnings per share (EPS) increased 39% on a constant currency (CC) basis (excluding the one-off items related to the Novartis influenza vaccines business acquisition). Reported earnings per share (EPS) rose up 14% and Interim dividend jumped to $0.64 per share. Based on the first half fiscal 2017 profit and expected performance for the second half of fiscal 2017, CSL has outlined NPAT growth for FY17 in the range of about 18% to 20% at constant currency over the FY16 result. The group along with an international team of scientists came up with a successfully prevention methodology for the progression of Diabetic Kidney Disease (DKD) in laboratory studies of type 2 diabetes (findings published in Cell Metabolism).
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