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BRIEF-NIB Holdings posts annual net profit after tax of $120.2 mln
August 21, 2017 / 12:15 AM / 3 months ago

BRIEF-NIB Holdings posts annual net profit after tax of $120.2 mln

Aug 21 (Reuters) - NIB Holdings Ltd

* Fy total group underlying revenue of $2.0 billion (+7.0%)

* Fy net profit after tax of $120.2 million (+30.9%)

* Full year dividend of 19.0 cents per share fully franked

* “in fy18 we don’t anticipate earnings accretion like we’ve become accustomed”

* Most likely our profitability within arhi for fy18 will return to being within our target net margin range of 5% to 6%

* NIB is forecasting fy18 uop will be at least $150 million (statutory operating profit of at least $141 million) Source text for Eikon: Further company coverage:

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