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Cochlear Limited (ASX:COH) has reported a lower profit but higher sales following new product releases in the 2014 financial year.The bionic ear manufacturer’s net profit dropped 29 per cent to $93.7 million but sales rose 15 per cent to a record $820.9 million.CEO Chris Roberts says the company delivered on its commitment to introduce a range of new products to the market and drive growth over the year.Mr Roberts says to understand the full-year results you need to look at the launch of major products in the first half and their impact on sales momentum in the second half.Mr Roberts believes record sales in the second half give Cochlear confidence moving into the current 2015 financial year.A dividend of $1.27 per share has been declared, 20 per cent franked.
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Last
$316.89 |
Change
-2.530(0.79%) |
Mkt cap ! $20.72B | |||
| Open | High | Low | Value | Volume |
| $316.74 | $318.85 | $315.94 | $34.59M | 109.1K |
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| No. | Vol. | Price($) |
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| 1 | 59 | $316.20 |
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| Price($) | Vol. | No. |
|---|---|---|
| $316.89 | 166 | 2 |
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| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| COH (ASX) Chart |