F&P Healthcare posts 18% gain in full-year profit on record sales, upbeat about 2018

Sun, 21 May 2017

By Jonathan Underhill May 22 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, posted an 18 percent gain in full-year profit, meeting its guidance amid record annual sales, and said sales in the current year may reach $1 billion. Profit rose to a record $169 million in the 12 months ended March 31, from $143 million a year earlier, the Auckland-based company said in a statement. Operating revenue climbed 10 percent to $894 million. The medical device maker's profit was within the $165 million to $170 million range...

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