nib (ASX:NHF) decreases FY20 profit guidance
- Health insurance group nib (NHF) has decreased its profit guidance, claiming it's largely due to an increase in claims
- The company previously indicated that its 2020 financial year underlying operating profit would be at least $200 million but has now been changed to $170 million
- In spite of this, nib's travel International sales were up almost 13 per cent despite its domestic sales environment remaining tough
nib (ASX:NHF) decreases FY20 profit guidanceHealth insurance...
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