While many investors are looking at the review mirror Luke Laretive from Seneca.
CSL has reported a 10% lift in underlying net profit after tax to 1.96 billion US dollars on the back of 7.2 billion US in revenues. It flagged continued strong growth in plasma collections in the second half of the year. It also said the integration of CSL Vifor was well advanced with synergy realisation on track. Looking ahead, it sees full year net profit after tax coming in between 2.7 to 2.8 billion US dollars. It declared an interim dividend of 107 US cents per share.
James Hardie has lowered its full year guidance – for the third time – as quarterly sales dropped 4% – Falling to $860.8M dollars with net income declining 16% to US$129.2M… Over the nine months – net profit was 430 million-US up on the pervious pcp. James Hardie has cut headcount and lowered discretioary spend to help it cope with the market downturn – while remaining “laser focused” on driving profitable volume share growth. North American fiber cement sales were flat – they decreased 13% in Asia – and grew 4% in Europe.
Breville revenues edged up 1.1% to $888 million in the first half of 2023 financial year- with interim dividends paying out at 15 cents per share in line with the prior corresponding period. Earnings jumped 13 per cent from the same period a year ago – with the company saying margins are strengthening despite inflationary pressures. The company IS providing guidance of 5-10% growth on the previous year in FY23…
Watch the interview: Ausbiz – The kettle boils for Breville