Medibank share price jumps 7% on strong half-year profit growth
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The Medibank Private Ltd (ASX: MPL) share price is jumping on Thursday.
In morning trade, the private health insurer’s shares are up 7% to a 52-week high of $4.31.
This follows the release of the company’s half year results before the market open.
Medibank share price jump on results day
- Revenue up 6.1% to $4,270.7 million
- Segment operating profit up 12.5% to $386.8 million
- Reported net profit after tax down 0.8% to $340.3 million
- Underlying net profit after tax up 13.8% to $298.7 million
- Fully franked interim dividend up 8.3% to 7.8 cents per share
What happened during the half?
For the six months ended 31 December, Medibank reported a 6.1% increase in revenue to $4,270.7 million. This was driven by a 4.1%…
