Cochlear: Result 2013

Profits at Cochlear have fallen 16% due to lower upgrade sales and a fall in hedging gains, but unit sales hit a new record and market share held up well.

Cochlear has announced a full-year net profit of $132.6m, bang in the middle of the $130-135m range given in its profit warning at the beginning of June and 16% lower than last year (excluding last year’s product recall costs).

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