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Company News Summary

NIB Holdings Reports FY 2021 Full Year Results

23 Aug 2021  |  09:34:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY21 Full Year Results announcement

NIB Holdings announced its operating performance for the 12 months to 30 June 2021 (FY 2021). The Group underlying revenue grew by 2.9% to $2.6bn and Group underlying operating profit (UOP) by 39.5% to $204.9m. The Net profit after tax (NPAT) is of $160.5m further benefited from net investment income of $51.8m. Return on invested capital (ROIC) of 19.1% was similar to pre-pandemic levels. The Company expects market conditions for FY 2022 to remain similar to the past 12 months with the pandemic having mixed consequences.

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