Fisher & Paykel shares rise after covid uplift reaps record profit

Wed, 25 Nov 2020

Fisher & Paykel Healthcare shares rose as the company reported a record first-half result and lifted full-year guidance on hot demand for its products to treat patients with respiratory issues.The company said first-half net profit was $225 million while operating revenue was $910.2 million, up 59 percent.In constant currency – which strips out the impact of exchange rate fluctuations – net profit was up 87 percent and operating revenue was up 61 percent.Removes uncertaintyThe stocked lifted 3.4 percent to $35.20 on the open.Whi...

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