Medibank Private First Results
Medibank Private Limited (Medibank) (ASX: MPL) recently announced its results for the six months ended 31 December 2014 (1H15), its first financial result since listing on the Australian Securities Exchange (ASX) on 25 November 2014.
Group net profit after tax up 10.8% to $151.2 million;
Health Insurance premium revenue was up 5.2% to $2,943.3 million
Health Insurance operating profit increased 37.1% to $173.5 million, with the operating margin up from 4.5% to 5.9%.
Managing Director, Mr George Savvides, said, “Last year was a historic year for Medibank as we transitioned to a major listed company and welcomed a large number of new shareholders, many of whom are also health fund members. We are pleased to report our first result as a listed company and confirm that we are on track to deliver our 2015 financial year Prospectus earnings forecast”