Monash IVF reaffirms FY19 profit guidance

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.