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.
 

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.