ASX:MPLInsurance
Medibank (ASX:MPL) Shares Look Past Claims Risk As Margins Strengthen
Medibank Private has come into this result with a flat to softer share price over the past month, yet the latest earnings show a business quietly tightening its grip on profitability. The stock closed at A$4.95 on 21 August after a modest 30 day slide, while full year operating profit reached A$813.5m and underlying earnings per share moved to A$0.231. The real story is margin quality. Net profit margin over the past year sat at 6.9% and Medibank Health segment profit jumped 31.3%, which is...