F&P Healthcare posts 26% gain in 1H profit, forecasts record annual result

Mon, 21 Nov 2016

By Tina Morrison Nov. 22 (BusinessDesk) - Fisher & Paykel Healthcare, the medical device maker, increased first-half profit 26 percent and widened its margins, reiterating its forecast for a record annual profit this year. Net profit increased to $78.2 million, or 13.6 cents per share, in the six months ended Sept. 30, from $62 million, or 10.9 cents, in the same period a year earlier, the Auckland-based company said in a statement. Annual profit is likely to be towards the middle of its previously stated forecast range of $165 million to...

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