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BRIEF-Cochlear Says HY Net Profit For Period Attributable To Members $110.8 Mln

Published 13/02/2018, 09:16 am
© Reuters.  BRIEF-Cochlear Says HY Net Profit For Period Attributable To Members $110.8 Mln
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Feb 13 (Reuters) - Cochlear Ltd COH.AX :

* HY TOTAL REVENUE UP 7 PERCENT TO $649.6 MILLION

* HY NET PROFIT FOR PERIOD ATTRIBUTABLE TO MEMBERS DOWN 1 PERCENT TO A$110.8 MILLION

* INTERIM DIVIDEND $1.40 PER SHARE

* FOR FY18, COCHLEAR REAFFIRMS ITS EXPECTATIONS OF DELIVERING REPORTED NET PROFIT OF $240-250 MILLION

* CONTINUES TO TARGET A DIVIDEND PAYOUT RATIO OF AROUND 70 PERCENT OF NET PROFIT

* EXPECT FULL YEAR RESEARCH AND DEVELOPMENT EXPENDITURE TO BE $160 MILLION TO $170 MILLION

* FORECASTING WEIGHTED AVERAGE AUD/USD EXCHANGE RATE OF AROUND 79 CENTS FOR FY18

* EXPECT FULL YEAR NET IMPACT OF CHANGE IN US TAX LEGISLATION TO REDUCE NET PROFIT BY $3-4 MILLION

* ALL FIGURES IN A$

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