.
Cochlear Limited’s (ASX:COH) first half net profit has surged 481 per cent to $77.7 million, rebounding from a $20.4 million loss in the same period last year.
The hearing device company posted a record number of implant sales in the period, totalling over 13 thousand units.
Total revenue increased by 1 per cent to $391.7 million, with sales growing by 9 per cent.
CEO Dr Chris Roberts says the record unit sales confirm Cochlear’s market leadership position.
Cochlear says its long term growth prospects continue to strengthen owing to a growing global footprint, sound financials and a leading market share.
An interim dividend of $1.25, franked 40 per cent, has been declared, to be paid on March 12.
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$301.91 |
Change
-1.870(0.62%) |
Mkt cap ! $19.74B |
Open | High | Low | Value | Volume |
$303.14 | $304.94 | $300.54 | $42.41M | 140.3K |
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No. | Vol. | Price($) |
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1 | 77 | $301.03 |
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No. | Vol. | Price($) |
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1 | 12 | 301.020 |
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Price($) | Vol. | No. |
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302.430 | 77 | 1 |
304.000 | 177 | 1 |
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304.930 | 330 | 1 |
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