News: NIB Holdings lifts H1 profit & revenue

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NIB Holdings Limited (ASX:NHF) has lifted its profit and revenue over the first half of the 2015 financial year. 

The private health insurer improved its group operating profit by 1.7 per cent to $42.1 million while group net premium revenue rose 9 per cent to $802.3 million.

Managing Director Mark Fitzgibbon has described the performance as solid especially given less than buoyant market conditions, heavy competition for sales and industry churn. 

 

Looking ahead the company has confirmed its full year operating profit forecast but expects the result to come in at the lower end of its guidance range between $75 million and $82 million. 

 

A fully franked interim dividend of 5.5 cents per share has been declared.