Cochlear Limited Celebrates Strong Financial Growth

Cochlear Limited (AU:COH) has released an update.

Cochlear Limited reports a robust financial performance with sales revenue surging 15% to $2.258 billion, and a significant 27% increase in underlying net profit to $387 million. The company’s advances were led by strong growth in cochlear implant units and services, particularly in developed markets targeting adults and seniors. This growth enabled Cochlear Limited to raise its full-year dividends by an impressive 24%, with future net profit projections set to rise by 6-11% in the next fiscal year.

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