F&P Healthcare annual profit jumps 27%; forecasts new records in coming year

Thu, 26 May 2016

By Tina Morrison May 27 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, beat its forecast for annual profit, boosting revenue and margins, and said it expected to post new records in the coming year. Net profit jumped 27 percent to a record $143.4 million in the year ended March 31, ahead of its forecast range of $135 million to $140 million, the Auckland-based company said in a statement. Revenue increased 21 percent to $815.5 million, also an all-time high and ahead of a forecast $800 million The company today...

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