F&P Healthcare may beat profit forecast as kiwi's decline boosts export earnings, analysts say

Fri, 12 Sep 2014

By Tina Morrison Sept. 12 (BusinessDesk) - Fisher & Paykel Healthcare, which exports 98 percent of its breathing masks and respirators, may post higher earnings than forecast in the current financial year as it benefits from a decline in the New Zealand dollar, according to analysts who follow the stock. The shares touched an intraday record. The New Zealand dollar recently traded at 81.60 US cents, down from a peak of 88.35 cents in July in light of weaker expectations for growth and inflation as commodity prices soften and the Reserve B...

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