ASX 200 reporting season: Cochlear
Recent financial results reveal Cochlear's commitment to shareholder returns, AMP's efforts to manage profit declines, and Charter Hall's strategic expansion through key acquisitions.
(AI video summary)
This video was created on 14 February for IG audiences by ausbiz.
Key financial results
Cochlear (ASX:COH)
- Revenue: $1.17 billion
- Revenue grwoth: 5% year-over-year (YoY0
- Net profit after tax (NPAT): $205.1 million, up 7% YoY
- Interim dividend: $2.15 per share
Despite this positive news, the company has warned that its annual profit is expected to be at the lower end of its guidance range, primarily due to cost of living pressures in its key United States (US) market. This has led some consumers to delay upgrading their devices.
AMP Limited (ASX:AMP)
- Underlying NPAT: $236 million, up 15% YoY
- Dividend: $0.03 per share
- Earnings per share (EPS): $0.09
AMP Limited experienced a significant drop in profit for the 2024 financial year, with profits nearly halving to $150 million. This decline was attributed to the sale of its adviser business and costs associated with simplifying operations.
Mirvac (ASX:MGR)
- Revenue: $361 million
- Operating profit: $236 million, down 6% YoY
- Dividend: $0.045
- EPS: $0.06
Charter Hall Retail REIT (ASX:CQR)
- Profit: $108.6 million
- Operating earnings: $73.1 million, down 7% YoY
- Interim dividend: $0.123
Charter Hall's acquisition of Hotel Property Investments remains on track, adding a diversified portfolio of 58 pub accommodation assets worth approximately $1.3 billion.
GQG Partners (ASX:GQG)
- Revenue: $760.4 million
- Revenue growth: 46.9% YoY
- NPAT: $431.6 million, up 52.8% YoY
- Dividend: $0.137
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