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Medibank Private Limited (ASX:MPL) has reported a first half net profit of $143.8 million and is on track to achieve its full year guidance.

 

The private medical insurance provider saw revenue grow 3.8 per cent to $3.27 billion with health insurance premiums up 5.2 per cent.

 

The company listed on the ASX in November last year and has seen its share price increasing steadily since then .

 

Managing Director George Savvides says last year was a historic year transitioning to a major listed company and it’s on track to deliver on prospectus earnings forecast.

 

The company declined to pay an interim dividend.