Medibank has flagged that costs to contain the fallout from a damaging cyberattack will rise, after its first-half net profit grew as international students flooded back to Australia and policyholder losses slowed in February.
Underlying net profit was up 6.7 per cent to $226.7 million and the company lifted its interim dividend to 6.3¢ a share from 6.1¢ a share in the previous comparable period.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
