nib profit up 11%, dividend up 5.3%

Company News

by Rachael Jones

Health insurer nib Holdings (ASX:NHF) saw a 11.1 per cent rise in net profit after tax to $133.5 million

Their group underlying revenue also rose to $2,2 billion - that’s up 11.5 per cent.

They report their results were boosted by higher revenue and the acquisition of corporate health insurance provider GU Health during the year.

Their full-year dividend is 20 cents per shares that’s up 5.3 per cent.

Shares in nib Holdings (ASX:NHF) is up 0.99 per cent to $6.66.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.