Cochlear Ltd (COH), the world's top hearing implants maker, met its market guidance to post a net income of A$188.9 million ($144.53 million) for the year to June 30, an increase of 30 percent.
The Sydney-based maker of two-thirds of hearing implants sold globally said sales revenue grew 23 percent to A$1.158 billion, exceeding A$1 billion for the first time.
Sales revenue in the Asia Pacific region grew 31 percent, benefiting from Chinese government tenders that Cochlear supplied, the company said in a statement.
A year ago, the company missed market expectations and cut its dividend while still handling the fallout from a voluntary product recall in 2011. ($1 = 1.3070 Australian dollars)
News: Australia's Cochlear meets guidance with 30 pct profit rise
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