News: NIB Holdings FY profit improves 3%

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NIB Holdings Limited (ASX:NHF) has improved its net profit by 3 per cent $67.64 million in the 2012 financial year. 

 

The health insurer has posted a positive outlook for the industry, claiming the Australian health insurance market will keep growing. 

 

Managing director Mark Fitzgibbon says in the face of fierce competition NIB is still punching above its weight. 

 

While the company did not see the level of underlying earnings growth of recent years, Mr Fitzgibbon says NIB accounted for almost 10 per cent of total industry growth in fiscal 2012. 

 

A final fully franked dividend of 5 cents per share has been declared, taking the full year payout to 9.25 cents per share.