Australia's CSL shares leap on financial upgrade

20 January 2017

Shares of Australian biotech firm CSL Limited (ASX: CSL) surged 12.5% to A$111.50 on Thursday, after the company upgraded its net profit after tax (NPAT) expectation for its 2017 fiscal year.

At CSL’s full year result announcement in August last year, the company foreshadowed its group NPAT for FY2017 was expected to grow approximately 11% at constant currency on the FY2016 result, after adjusting for the one-off gains and costs associated with the acquisition of the Novartis influenza vaccines business.

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