Cochlear Ltd
(ASX:COH) has posted its 1H17 results this morning, and they’re quite positive.
The hearing implant maker reported that its sales revenue rose up 4% to $604.4 million, and its net profit shot up 19% to $111.4 million.
Cochlear’s results were driven by strong consistent 10% growth in its units delivered across all regions (developed and emerging markets).
The company’s basic EPS rose 18% to $1.94 in this first half. Cochlear declared a fully franked interim dividend of $1.30 per share, up 18% over last year.
The company’s net profit outlook for the full year is between $210 million and $225 million (which is a 10% – 20% increase over the previous year).
This morning, Cochlear shares are trading 0.8% higher at $137.37.