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BRIEF-Cochlear says HY net profit for period attributable to members up 32% to A$94 mln

Published 11/02/2016, 09:21 am
Updated 11/02/2016, 09:30 am
© Reuters.  BRIEF-Cochlear says HY net profit for period attributable to members up 32% to A$94 mln
COH
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Feb 11 (Reuters) - Cochlear Ltd COH.AX :

* Half year report & accounts COH.AX

* HY net profit for the period attributable to members up 32% to A$94 million

* For FY 2016, net profit expectations have been adjusted up to a range of $180-190 million

* Says HY total revenue up 27% to A$558.1 million

* In FY 2016 guidance range would deliver net profit growth in a range of 23- 30% on last year

* The business will continue to target a dividend payout ratio of around 70% of net profit"

* Services sales revenue is expected to be weighted to the first half given the seasonality of US upgrade sales

* Says dividend (cents) up 22% to 110.0 per security for the period

* Source text for Eikon ID:nASX1P35Pp

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