Aug 19 (Reuters) - Cochlear Ltd (COH) :
- FOR FY23, EXPECT TO DELIVER UNDERLYING NET PROFIT OF A$290-305 MILLION
- SEES FY23 STRONG GROWTH IN SALES REVENUE AND AROUND 18% UNDERLYING NET PROFIT MARGIN BEFORE CLOUD COMPUTING-RELATED EXPENSES
- FY23 NET PROFIT EXPECTED TO BE WEIGHTED TO SECOND HALF
- FOR FY23, EXPECT TO DELIVER UNDERLYING NET PROFIT OF A$290-305 MILLION
- COCHLEAR LTD- FY23 CAPITAL EXPENDITURE EXPECTED TO BE AROUND A$80 MILLION
- CLOUD COMPUTING-RELATED INVESTMENT EXPECTED TO LIFT IN FY23 TO AROUND A$36 MILLION (A$25 MILLION AFTER TAX)
- BOARD MAINTAINS DIVIDEND POLICY THAT TARGETS 70% PAYOUT OF UNDERLYING NET PROFIT
- EXPECT TRADING CONDITIONS TO PROGRESSIVELY IMPROVE ACROSS THE YEAR
- SOUND PROCESSOR LAUNCH COSTS EXPECTED TO BE PRIMARILY INCURRED DURING FIRST HALF OF FY23
News: COH Cochlear Expects FY23 Underlying Net Profit Of A$290-305 Million
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