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AAP
AAP
Business
Derek Rose

Cochlear forecasts higher 2022/23 earnings

Cochlear has forecast underlying net profit to increase by five to 10 per cent in 2022/23. (Paul Miller/AAP PHOTOS) (AAP)

Hearing device maker Cochlear has posted a rise in underlying full-year earnings and is looking for a stronger 2022/23 after the launch of its new sound processor.

Revenue grew 10 per cent to $1.6 billion in constant currency terms in the 12 months to June 30, as COVID-19 restrictions eased and hospitals resumed elective surgeries.

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