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CSL Ltd. Full Year Profit Declines; Plans A$900 Mln Share Buyback - Quick Facts

August 18, 2010, Wednesday, 09:45 GMT | 04:45 EST | 14:15 IST | 16:45 SGT

(RTTNews) - CSL Ltd. (CMXHF.PK, CSL.AX) reported that its full year net profit after tax declined to A$1.05 billion from A$1.15 billion a year earlier.

Sales fell to A$4.46 billion from A$4.62 billion in the previous year. Total Revenue/Income was A$4.63 billion, down from A$5.04 billion in the prior year.

CSL also announced its intention to conduct a further on-market buyback of up to A$900 million. This represents about 5% of shares currently on issue.

The company declared final dividend 45 cents per share, up 13%, partially franked to 11%, payable on 8 October 2010. Total ordinary dividends for the year were 80 cents per share up 14% on the previous year.

Looking ahead, For the 2010/11 financial year the company anticipates net profit after tax of between A$980 million and A$1.030 billion, at fiscal 09/10 exchange rates.