Monash IVF Group sees a decline in profit

Company News

by Rachael Jones

Monash IVF Group (ASX:MVF) reported a decline of 27.9 per cent in reported net profit after tax (NPAT) to $21.4 million.

The business has been impacted by the departure of a Victorian Fertility Specialist.

Revenue from ordinary activities is down 2.9 per cent to $150,638 million.

Earnings before interest and tax (EBIT) down 25.7 per cent to $33,158 million.

Financial year 2018 dividends are down 31.8 per cent on last year to 6 cents.

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.