Australia’s Medibank profit beats view as foreign students, workers return

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Australia’s biggest health insurer posted a net profit after tax of A$233.3 million ($159.41 million) for the six months ended Dec. 31, up 5.9% from A$220.2 million a year earlier. It beat a consensus estimate of A$211 million, according to UBS.

Shares in Medibank, which has been in the spotlight since a cyber hack in October compromised the data of millions of customers, rose as much as 6.8% to A$3.29.

As of the last close, the stock had declined over 10% since first reporting the cyber incident.

($1 = 1.4635 Australian dollars)