Cochlear's FY profit surges

Hearing implant maker unveils FY profit in line with reduced expectations, revenue dips slightly, confident in product pipeline.

Hearing implant maker Cochlear Ltd is confident its product pipeline will continue to drive growth in the coming year after posting a significant lift in full-year profit.

In the full year to June 30, Cochlear posted a net profit attributable to members of $132.563 million, a 133% increase on the $56.803 million recorded in the previous year.

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Staff Reporter

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