Cochlear Limited
(ASX:COH) has delivered a healthy full-year profit and says its confident its product pipeline will continue to drive growth.
In the full year to June 30, Cochlear posted a net profit of $132.5 million - a 133 per cent increase on the previous year.
In June, Cochlear flagged full-year profit guidance of between $130 million and $135 million, which was well below market expectations at the time of around $155 million.
Revenue came in at $753 million for fiscal 2013, a three per cent decline on last year.
The group announced a final dividend of $1.25, of which 44 cents is franked, to be paid on September 19.
