Medibank Private's profit up 58 per cent

Australia's biggest private health insurer Medibank Private booked a sharp jump in interim net profit, thanks to premium rises and a crackdown on improper health insurance claims. Net profit rose 58 per cent to $227.6 million for the six months ended December 31 from $143.8 million in the same period a year earlier. The result was also boosted by a $23.2 million one-off tax benefit from the Australian Tax Office.

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