First Impression: Medibank-MPL-FY16 Result
The health insurance division comfortably beat guidance for operating profit of $470m, however, the miss at the revenue line is a concern (Actual revenue $6173m as compared to our estimate of $6208m). Medibank had been looking for revenue growth of at least 4.6%, however it appears to have lost market share in 2H16 and this contributed to underperformance at the revenue line.
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
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