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News: MPL Medibank Private Says FY Profit From Continuing Operations Rose 39.8% To A$441.2 Million

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    Aug 25 (Reuters) - Medibank Private Ltd (MPL) :

    • FY PROFIT FROM CONTINUING OPERATIONS ROSE 39.8 PERCENT TO A$ 441.2 MILLION
    • FY TOTAL REVENUE FROM ORDINARY ACTIVITIES A$6,910.4 MILLION VERSUS A$6,775.6 MILLION
    • DECLARES FINAL DIVIDEND OF 6.90 AU CENTS/SHARE
    • AIMING TO ACHIEVE ABOUT 3% POLICYHOLDER GROWTH1 IN FY22, INCLUDING CONTINUED GROWTH IN MEDIBANK BRAND
    • FY22 PRODUCTIVITY TARGET OF A$15M IN HEALTH INSURANCE MANAGEMENT EXPENSES
    • FY22 UNDERLYING AVERAGE NET CLAIMS EXPENSE PER POLICY UNIT FORECAST TO BE IN LINE WITH 2H21 AMONG RESIDENT POLICYHOLDERS
    • TARGETING PRODUCTIVITY SAVINGS OF ABOUT A$40 MLN OVER NEXT THREE YEARS, INCLUDING $15 MLN IN FY22

    MPL)

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