Monash says fall in profit in line with guidance

Company News

by Anna Napoli

IVF clinic and fertility program company Monash (ASX:MVF) has reported a 21 per cent fall in profit before tax to $12 million for the half year to December 2017.

Group revenues fell by 2.2 per cent to $77 million when compared with the same time last year.

Its earnings (EBITDA) fell by 18 per cent to $21 million.

The company has declared an interim dividend of 3.4 cents, down 21 per cent on the same time last year.

Monash says the fall in profit is in line with their guidance.

Shares in Monash (ASX:MVF) are down 6.11 per cent to $1.23.

 

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.