Monash IVF Group Limited (ASX:MVF) has agreed to settle the proceedings it commenced in the Federal Court of Australia against its insurer, Insurance Australia Limited. The settlement is expected to improve the FY2025 net profit after tax by $3.6m.
The Company has reached a settlement with its insurer, Insurance Australia Limited, which is expected to have a positive impact on the FY2025 net profit after tax. We are pleased with the outcome and believe it reflects the best interests of the Company and its shareholders.
Monash IVF Group Limited (ASX:MVF) has settled the proceedings against its insurer, Insurance Australia Limited, which is anticipated to enhance the FY2025 net profit after tax by $3.6m. The settlement is conditional on court approval, and there are no other material terms. The Company's management is optimistic about the positive impact of this settlement on its financial performance in the upcoming fiscal year.