Business
CSL (ASX:CSL) share price is now down 12% in 2 weeks
The CSL Ltd (ASX: CSL) share price seems to be stuck in the doldrums over the last couple of weeks. Shares in the biotherapeutics giant have been on the decline since the company announced its half-year results 2 weeks ago.
Interestingly, CSL reported a significant 45% increase in its net profit after tax. So why is the share price falling? As always, the devil is in the details.
Dividends cut in Aussie dollar terms
No, it’s not CSL picking favourites between the United States and Australia. Due to CSL’s operations being heavily focused in the US, most of the company’s financials are shown in US dollar terms. This causes fluctuations when interchanging between multiple currencies.
In this case, CSL declared a dividend…
-
General22 hours agoQueensland medical professionals to take industrial action as negotiations with state government stall
-
General23 hours agoAustralia warned of assassination attempts by regimes
-
Noosa News22 hours agoNew park locations revealed as Melbourne Cup delays council meeting
-
General22 hours agoUK treasury chief prepares ground for tax-hiking budget