Stocks of the Hour: Cochlear, Cleanaway & Inghams

Company News

by Lauren Evans

Cochlear (ASX:COH) achieved record sales revenue of $1,493 million in FY21, up 10 per cent from the prior year, driven by market growth and rescheduled surgeries from Covid-19 shutdowns. Underlying net profit increased by 54 per cent. Shares in Cochlear (ASX:COH) are trading 6.2 per cent lower at $240.17.

Cleanaway (ASX:CWY) delivered an increase in annual revenue, profit and dividends in FY21. Net revenue reached $2.2 billion, up 4.7 per cent from the prior year. Net profit after tax increased by 2.1 per cent. Shares in Cleanaway  (ASX:CWY) are trading 3.1 per cent higher at $2.64.

Inghams (ASX: ING) increased core poultry sales by 4.2 per cent in FY21 from the prior year, following an ongoing demand for poultry despite the pandemic. Revenue growth was 4.4 per cent higher. Shares in Inghams (ASX:ING) are trading 5.1 per cent higher at $4.11.

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