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BRIEF-Cochlear sees FY 2017 net profit up about 10-20 pct on FY 2016

Published 09/08/2016, 08:48 am
Updated 09/08/2016, 08:50 am
© Reuters. BRIEF-Cochlear sees FY 2017 net profit up about 10-20 pct on FY 2016
COH
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Aug 9 (Reuters) - Cochlear Ltd COH.AX :

* FY 2017 net profit guidance of $210-225M, up about 10-20% on FY 2016

* Final dividend of $1.20 cents per share, up 20%, franked at 100%

* Company will continue to target a dividend payout ratio of around 70% of net profit

* Expect FY 2017 research and development expenditure to be broadly in line with that for FY 2016

* In Europe, Cochlear does not expect any immediate impact on the business from the UK's decision to withdraw from the European union

* Source text for Eikon ID:nASX4kzXxZ

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