Nib’s profit falls slightly but revenue strengthens

Company News

by Anna Napoli

Health fund nib Holdings(ASX:NHF) has reported its profit fell about 1 per cent on half year end 2016 to $70.9 million for the half year to December 2017.

Revenue strengthened over the period, and lifted almost 9 per cent compared to the same time last year to $1.1 billion.

The company’s net earned premium rose 8.6 billion to just over$1 billion.

The company declared an interim dividend of 9 cents fully franked.

NIB says that the first half of 2018 results are in line with internal benchmarks

Shares in nib (ASX:NHF ) closed about 0.94 per cent higher to $6.43 on Friday.

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.