Monash IVF
(ASX:MVF) has has announced its half year results for financial year 2019 with net profit falling 11.3per cent to $10.7 million.
Revenue from ordinary activities increased by 0.3 per cent to $77.2 million.
Earnings (EBITDA) fell 7 per cent to $19.3 million.
The company has declared an Interim dividend 3 cents, down 11.8 per cent on the prior corresponding period.
The company says its first half result was impacted by Quarter 1 volume decline compared due to the departure of a Fertility Specialist.
Monash has reaffirmed its FY19 profit guidance to return to full year net profit growth excluding a one-off non-recurring item.
Shares in Monash IVF
(ASX:MVF) Shares are trading 5.32 per cent higher to 99 cents.
