Original article by Jared Lynch
The Australian – Page: 15 : 23-Feb-22

Hearing implant maker Cochlear has posted a 2021-22 interim net profit of $169.3m, which is 28 per cent lower than previously. However, its underlying net profit rose 26 per cent to $158m and revenue was 10 per cent higher at $815.3m. Shareholders will receive an interim dividend of $1.55 per share, which is 35 per cent higher than previously. Meanwhile, CEO Dig Howitt says the ongoing tensions between Australia and China will not affect Cochlear’s investment plans in China; the company is about to commission a $50m manufacturing plant in China, and Howitt says it is committed to China for the long-term.

CORPORATES
COCHLEAR LIMITED – ASX COH