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CSL's profit plummeted 81% amid policy shifts and restructuring, triggering investor worry and a stock low, yet the company upheld its full-year outlook and pledged $1.5 billion for U.S. production expansion.
CSL, Australia's largest biopharmaceutical company, reported an 81% drop in first-half net profit to $401 million, citing government policy changes, one-off restructuring costs, and asset impairments.
Underlying profit fell 7% to $1.9 billion.
The announcement of its CEO's surprise retirement triggered investor concern, sending shares to an eight-year low.
Despite the downturn, the company maintained its full-year guidance and announced a $1.5 billion U.S. investment to expand domestic production.
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Las ganancias de CSL se desplomaron un 81% en medio de cambios de política y reestructuración, lo que provocó preocupación de los inversores y una baja de las acciones, sin embargo, la compañía mantuvo su perspectiva para todo el año y prometió $ 1.5 mil millones para la expansión de la producción en los Estados Unidos.