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Cochlear Limited (ASX:COH) chairman Rick Holliday-Smith says the company expects fiscal 2014 net profit after tax to be in line with the previous year, with a heavy bias to the second half.
Addressing shareholders at the group's annual general meeting, Mr Holliday-Smith said the group faces some short-term pressure on its operating margin as it maintains its research and development spending.
He says the interim dividend at $1.27 per share and the final dividend will stay at the same level if the outlook doesn’t change.
Mr Holiday-Smith says Cochlear remains confident about its long-term growth prospects.
Cochlear posted a full-year net profit of $132.6 million in fiscal 2013.
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Last
$319.42 |
Change
2.420(0.76%) |
Mkt cap ! $20.88B | |||
| Open | High | Low | Value | Volume |
| $317.80 | $319.56 | $315.50 | $38.61M | 121.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 72 | $318.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $319.50 | 27 | 1 |
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| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| COH (ASX) Chart |