Cochlear profit up
Tuesday, 12 August, 2008
In a difficult year, Cochlear [ASX: COH] has posted excellent year-end results, with net profit up 15 per cent from last year.
Total revenue was $601.7 million, up eight per cent, for a net profit after tax of $115.2 million, slightly below forecasts.
Sales revenue has grown 18 per cent, after accounting for the appreciation of the Australian dollar.
Shareholders will be rewarded with a dividend of 80 cents per share.
The company said it expected double-digit growth again next year.
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