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...

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