F and P Healthcare lifts bottom of forecast FY profit guidance, shares gain 4.1 percent

Wed, 22 Aug 2012

By Paul McBeth Aug 22 (BusinessDesk) - Fisher & Paykel Healthcare, which makes respirators and sleep apnea products, raised the bottom-end of its forecast for annual earnings on stronger first-half trading and after revising its assumption for the New Zealand dollar. The shares climbed 4.1 percent. The Auckland-based manufacturer expects to post annual net profit of between $65 million and $69 million on sales of between $540 million and $550 million, chief executive Michael Daniell told shareholders at today's annual meeting. That compares...

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