F&P Healthcare lifts earnings guidance; CEO Mike Daniell to retire

Thu, 27 Aug 2015

By Fiona Rotherham Aug. 27 (BusinessDesk) - Fisher & Paykel Healthcare, the medical devices manufacturer, lifted its 2016 earnings guidance on the back of a favourable exchange rate and said long-serving managing director Mike Daniell will retire. Assuming the New Zealand dollar stays at about 65 US cents for the rest of the year, the company now expects full-year net profit of $135 million to $140 million in 2016, $10 million higher than the guidance given in May, the Auckland-based company said in a statement. As 99 percent of its reven...

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