Cochlear Limited (ASX:COH), Evolution Mining Ltd (ASX:EVN) Report Impressive Earnings

Cochlear Limited (ASX:COH) The hearing implants giant delivered a 7% revenue growth for the year to June’17. On $1.24 billion in revenue, COH generated an operating profit of $316 million, up 20% compared to the previous fiscal. The company’s dividend for the full-year rose 17% to $2.70 per share (fully-franked) as operating cash flow jumped 40% to $260 million. “Cochlear’s market leadership position has strengthened with market growth and market share improvements throughout the year underpinned by successful new product launches, growing investment in direct-to-consumer marketing and sales force expansion”, said CEO Chris Smith. ASX:COH Cochlear Past and Future Earnings by Simply Wall St Against this year’s $224 million, COH expects to generate $240 million–$250 million in net profit in the year ahead with its Nucleus 7 Sound Processor set for “full commercial rollout in September”. Nucleus 7, which has been approved by regulators, has a functionality to stream sound from an iPhone, iPad and iPod touch. “Cochlear continues to demonstrate its commitment to being the technology leader in our industry with ongoing investment in research and development”, added Mr Smith, saying that the company invested 12% of its sales revenue in R&D and has a pipeline of several new products. Evolution Mining Ltd (ASX:EVN) One of the leading Australian gold miners, EVN reported its best profit figures of $218 million for the full-year, while core earnings jumped 17% to $714 million. The highlight in EVN’s results was the record low all-in-sustaining-cost of $907 (US$684) per ounce, apart from an impressive track record of meeting production and cost guidance over the past six years. ASX:EVN Evolution Mining Future Revenue and Net Income by Simply Wall St “An ongoing focus on lowering costs, together with the acquisition of an economic interest in Ernest Henry copper-gold mine and the divestment of Pajingo, saw Evolution achieve another year of record high production and record low costs which contributed to a strong underlying net profit of A$206.6 million”, said CEO Jake Klein. This fiscal-year’s production of 844,124 ounces was 5% higher than the year-ago, generating $461 million in operating cash flow and a core earnings (EBITDA) margin of 49%, well ahead of last year’s near-40% figure. For FY’18, EVN expects to produce 820,000–880,000 ounces of gold at one of the world’s lowest production cost of $850–$900 per ounce. Find more established companies with impressive earnings in Double-Digit Growth