F&P Healthcare beats guidance as covid demand drives sales growth

Rebecca Howard
Mon, 29 Jun 2020

Rebecca Howard
Mon, 29 Jun 2020
Fisher & Paykel Healthcare beat its earnings guidance, reporting a 37 percent lift in annual profit as demand for its products to treat covid-19 patients soared. Operating revenue was $1.26 billion in the 12 months ended March 31, up 18 percent on the year and 14 percent on a constant currency basis, which removes the impact of exchange rate movements. Net profit was a record $287.3 million, up from $209.2 million a year earlier. The company – which makes products and systems for use in respiratory care, acute care, surgery and the treatm...
Listed Companies
Huljich family sells 25% of Pushpay stake
Dan Brunskill | Tue, 14 Jul 2020

The Huljich family has sold a quarter of its cornerstone stake in Pushpay Holdings, one of the rising software company stars. The 14.4 million shares were sold for $123.8 million, or $8.60 per shar...

Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.