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Nib Holdings raises profit guidance, interim dividend for fiscal 2018

Australia-based Nib Holdings Ltd. raised its profit guidance and interim dividend for the fiscal year ending June 30.

The group said Feb. 19 that it expects underlying operating profit to be at least A$165 million and statutory profit to be at least A$148 million, compared to the previous guidance of at least A$150 million and at least A$141 million, respectively.

Further, the company declared a fully franked interim dividend of 9 cents per share, up from 8.50 cents per share in the prior-year period.

The dividend is payable April 3 to investors of record as of March 2.