Medibank Private reports profit is down 1%

Company News

by Rachael Jones

Medibank Private (ASX:MPL) has reported its net profit after tax (NPAT) is down 1 per cent to $445.1 million from $449.5 million on the 2017 financial year.

Its revenue is up 1.6 per cent to $6,906.4 million from $6,797.0 million on the prior corresponding period.

The company want to build competitive advantage in health insurance and transform into a broader health services company

Dividend per share 12.70 cents, up from last year.

A fully franked final dividend of 7.20 cents per ordinary share was declared today in respect of the six months ended 30 June 2018, payable on 27 September.

Shares in Medibank Private (ASX:MPL) closed -0.63 per cent lower to $3.17
  

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.