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Medibank – FY17 Earnings

Medibank’s FY17 group NPAT of A$450 million was slightly ahead of consensus, largely on higher investment income with a  2H16 dividend of $0.0675 cents per share.

Based on FY18 EPS growth of 1 – 3%, we have MPL on a forward yield of 4.4%.

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Chart – MPL

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