CSL reports record $1.4B profit following Novartis flu vaccine purchase

CSL is now the second largest flu vaccine manufacturer in the world, thanks to its acquisition of Novartis' ($NVS) flu vaccine business. The company reported a AU$1.9 billion ($1.4 billion) full-year profit, a 6% increase over the previous year. And in spite of extra costs that expanding capacity and launching new products brings, CEO Paul Perrault expects net profit to grow around 5% per year. Story

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