NHF nib holdings limited
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News: NIB enjoys healthy profits

  1. FNN News
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    26/08/13
    10:21
    Post #: 12243275
    .


    NIB Holdings Limited (ASX:NHF) has generated a full year net profit of $67.2 million, slightly lower than a year ago.


     


    The fall in profit was attributed to a $3.4 million one-off cost from its acquisition of New Zealand group TOWER Medical Insurance.


     


    Premium revenues added 14.8 per cent to $1.3 billion, up from $1.1 billion last year.  


     


    NIB is forecasting a consolidated operating profit in the range of $73 to $80 million for fiscal 2014.


     


    It will pay a final fully-franked dividend of 5 cents, taking the total dividend to 10 cents per share.

    NHF Price at posting: $2.13 Sentiment: None Disclosure: Held
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