F and P Appliances forecasts recovery in FY operating earnings from appliances unit

Thu, 23 Aug 2012

Aug. 23 (BusinessDesk) - Fisher & Paykel Appliances, the manufacturer of dishwashers, ovens and fridges, forecast a recovery in earnings from its appliances business this year because it doesn’t expect a repeat of last year’s hedging losses. Operating earnings before interest and tax for the appliances division would be $35 million to $40 million in the year ending March 31, 2013, from an adjusted $11.3 million last year, according to a statement accompanying the Auckland-based company’s annual meeting. The 2012 result included transactional...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Health
The eyes have it
The Economist | Sat, 25 Jun 2022

Short-sightedness used to be rare. Now it's growing across the globe. Tim Cross, The Economist's technology editor, investigates its rapid rise.

On the Money
On the Money: Don Braid, Fletcher, Steve Newman and more
Victoria Young | Sat, 25 Jun 2022

OTM this week: A bit of matchy-matchy for Don Braid, the reopening of Parliament's lawns, Eroad, Fletcher and more. 

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.