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Article: COCHLEAR BEST PERFORMING AUSTRALIAN CO FOR SHAREHOLDER RETURNS:MAGAZINE.
- Article from:
- AsiaPulse News
- Article date:
- November 26, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Nov 26 Asia Pulse - Bionic ear maker Cochlear Ltd (ASX:COH) is the best performing company in Australia in terms of shareholder returns, according to a poll by The Bulletin magazine.
Cochlear provides a 50.69 per cent shareholder return rate on net equity of $A327.4 million ($US234.52 million) and net profits of $165.9 million.
Queensland wagering group UNiTAB Ltd (ASX:UTB) was second with a 46.19 per cent shareholder return rate, followed by West Australia Newspapers Holdings Ltd (ASX:WAN) with 43.24 per cent.
The survey, conducted by The Bulletin and business information group IBISWorld, found that "new money beats old" when taken ...