Medibank’s 1H18 Earnings Impress Again. AUD 3.10 FVE Unchanged
Narrow-moat Medibank Private continues to benefit from strong competitive advantages with another impressive all-round performance despite challenging operating conditions. Interim NPAT of AUD 245.6 million increased 6% on first-half fiscal 2017 with fully franked interim dividends of AUD 5.5 cents per share, or cps, up 5% on a year ago. Underlying earnings of AUD 234.4 million, excluding higher than planned investment returns of AUD 11.2 million, increased 11% on the previous corresponding peri...
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