NIB confirms FY guidance

Company News

NIB Holdings Limited (ASX:NHF) has confirmed its full year guidance will be at the lower end of between $65 and $70 million pre-tax profit, compared to last year.

The health fund provider says the investment return for the 11 months to May 31 sits at 6.4 per cent annualised.

A full year special dividend is subject to franking credits and in the absence of any clear and present acquisition opportunities.

NIB said earlier this year that achieving returns above its cost of capital was its main commercial objective.

In the first half of the 2012 financial year, NIB reported a net profit of $38.3 million.

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