nib Holdings (ASX:NHF) annual NPAT down 40%

Company News

by Katrina Bullock

nib Holdings (ASX:NHF) has released its 2020 annual report for the year ended 30 June 2020.

nib group revenue grew 3.4 per cent to $2.5 billion.

Net profit after tax however plummeted 40 per cent to $89.2 million.

Statutory earnings per share were also down 40 per cent to 19.8 cents per share.

The board has decided to make a final dividend of 4.0 cents per share fully franked, bringing the full year dividend to 14.0 cents per share.

Covid-19 had significant impacts on the company’s international students and workers business and major disruption to nib travel operations.

Shares in nib Holdings (ASX:NHF) are trading 0.5 per cent higher at $4.17.

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