Reuters logo
BRIEF-Cochlear Ltd says HY total revenue A$609.2 mln
February 13, 2017 / 9:41 PM / 10 months ago

BRIEF-Cochlear Ltd says HY total revenue A$609.2 mln

Feb 14 (Reuters) - Cochlear Ltd :

* Cochlear ltd says half-year profit attributable to members A$111.367 million versus A$94.0 million last year

* For fy17, cochlear continues to expect net profit to be within a range of $210-225 million, an increase of around 10-20% on fy16

* Hy total revenue A$ 609.2 million versus A$558.1 million

* Cochlear continues to target a dividend payout ratio of around 70% of net profit

* Chinese central government tender units now expected to be below fy16 levels with next tender expected during q3 for second half 2017

* Expect research and development expenditure for fy17 to be similar to fy16

* Forecasting a weighted average AUD/USD fx rate of 75 cents for fy17 versus 73 cents in fy16

* Directors declared an interim dividend of $1.30 per security Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below