Cochlear (COH) announced a record profit with increase in revenue and profit by 19% or more. Highlights of the results are shown below:
- Revenue up 19% to $355.2 million
- Net Profit after Tax (NPAT) and EPS both up 22% to $69.9 million and $1.26
- Core earnings up 20% to $74.4 million
- Interim dividend up 14% to 80 cents a share
- FY09 guidance: core earnings estimated to grow 15% to 20%
Cochlear Limited, the global leader in implantable hearing solutions, announced record NPAT of $69.9 million for the six months ended 31 December 2008, representing a 22% increase from the first half of FY08.
“The result highlights the strength of Cochlear’s business in a challenging global environment,” said Cochlear Chief Executive Officer Dr Chris Roberts.
Cochlear will pay a fully franked half year dividend of 80 cents on 17 March 2009, representing a 14% increase on the previous corresponding period.
“Cochlear is well positioned in this time of significant global uncertainty, and our fundamental strategies around technological innovation, business model innovation and development of internal capability, such as scale and leverage, have not changed” said Dr Roberts.
http://www.cochlear.com/Corp/Investor/default.asp
