Cochlear’s net profit down but revenue and & dividend rise | Finance News Network

Cochlear’s net profit down but revenue and & dividend rise

Company News

by Anna Napoli

Hearing Aid company Cochlear (ASX:COH) has reported its net profit after tax (NPAT) fell about one per cent in its first half year results to December 2017 to $111 million dollars.

In good news for the company, its sales revenue increased by six per cent to $640 million dollars.

Its earnings before interest and tax (EBIT) increased three per cent on the prior year, to $160 million dollars.

The company declared an interim dividend of $1.40 per share, up eight per cent on the same time last year.

Shares in Cochlear (ASX:COH) are trading 2.75 per cent lower to $167.07.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.