Cochlear profit grows amid rising demand for hearing aids
Cochlear Ltd., the world’s largest maker of bionic ears, on Tuesday reported a 16% rise in first-half profit as it expanded in emerging markets and people in developed countries with only one implant opted for a second to improve efficacy.
Net profit for the six months to Dec. 31 of 87.2 million Australian dollars ($88.6 million) was up from A$75.2 million in the previous corresponding period and beat the A$84.2 million average of four analysts’ forecasts compiled by Dow Jones …
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