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AAP
AAP
Business
Derek Rose

NIB profit up 12.8pct to $92m, but shares sink

NIB Mark Fitzgibbon NDIS
NIB announced net profit for the first half was up 12.8pct to $91.6 million, less than expected. (Paul Miller/AAP PHOTOS) (AAP)

Health insurer NIB has boosted its profit, but not as much as analysts were expecting, and declined to reinstate its guidance given the lingering fallout from the COVID-19 pandemic.

NIB Holdings announced on Monday its net profit after tax for the six months to December 31 was up 12.8 per cent to $91.6 million. Analysts had been expecting $110m in profit for the half.

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