Medibank's improving outlook

Management has forecast a rosier full-year result than expected, with a large jump in profits.

Medibank Private’s share price has jumped 10% after the company announced a surprisingly optimistic forecast for its interim result, which is to be released on February 19. 

Australia’s largest private health insurer said it expects its insurance operating profit for the six months to December to be about $270m, up from $174m in the prior corresponding period.


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