nib Group (ASX:NHF) reaffirms its FY20 guidance

Company News

by Rachael Jones

nib Group (ASX:NHF) reaffirmed its financial year 2020 underlying operating profit guidance of at least $200 million, with statutory operating profit of at least $180 million.

nib Group Managing Director, Mark Fitzgibbon, said based on current market trading conditions, nib is maintaining its current FY20 guidance, reiterating arhi’s net margin was expected to be around 6 per cent this financial year.

Despite this reiteration, the healthcare partner’s share price was lower at yesterday’s close.

Shares in nib Group (ASX:NHF) closed -2.16 per cent lower at $6.81 yesterday.

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