Healthcare company Medibank Private Limited today reported significant growth in operations for the fiscal year ended 30 June 2018. Groupâs operating profit increased 9.7% to $548.8 million in FY18, which is largely attributable to Health Insuranceâs operating profit increase of $38.1 million during the year.
But net profit attributable to shareholders declined by 1.0% to $445.1 million at the back of lower net investment income. There has been 1.6% growth in revenue with increase in Health Insurance premium revenue and Medibank Health revenue. Earnings per share was 16.2 cps.
The board declared fully franked final dividend of 7.20 cents per share, payable on 27 September 2018. With this, total dividend for FY18 becomes 12.70 cents per share, up 5.8% on FY17.
Medibankâs stock moved down 2.208% to $3.100, on 24 August 2018, as company reported slump in their FY18 profit.
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