ASX 200 reporting season: Coles
Explore how Qantas, Coles, and Medibank are leveraging strategic dividends and investments to navigate current market dynamics.
(AI video summary)
This video was created on 27 February for IG audiences by ausbiz.
Key financial results
Qantas (ASX:QAN)
Coles (ASX:COL)
Coles increased its interim dividend despite a 2.2% dip in profit, attributing the decline to consumers shopping around due to cost-of-living pressures. Group sales remain strong, indicating resilience in the retail sector.
Medibank (ASX:MPL)
Medibank reported a 14% increase in underlying net profit, driven by non-resident health insurance members. The company announced a fully franked interim dividend of 7.8 cents per share and plans to return Covid-19 claim savings to customers. Chief Executive Officer (CEO) David Koczkar highlighted efforts to keep premium increases low, enabling investments in health solutions.
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