Markets

Almost $1 billion: F&P defies market chatter

Staff reporters
Thu, 25 Nov 2021

Managing director Lewis Gradon said the first half of the last financial year was a period of extraordinary demand during the initial surges of covid-19. (Image: supplied)

Staff reporters
Thu, 25 Nov 2021

Fisher & Paykel Healthcare has reported half-year revenue down just 1% to $900 million, defying analyst expectations of a significant sales slowdown. Investors have been waiting since August to get an update on how the company is tracking, with management unable to offer guidance due to unpredictable sales during the pandemic.Analysts from two of New Zealand’s largest broking firms predicted a revenue decline between 7% and 9% as covid-related sales normalised.Instead, the healthcare exporter’s revenue dropped just 1% in th...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property

Click & collect: Bunnings doubles profits to $52m

Brent Melville | Thu, 02 Dec 2021

Building supplies group Bunnings had a good year, with net income more than doubling on the strength of a resurgent construction and DIY market.

Technology

'It's a breach': Vax pass data data storage concerning for Māori

Henry Burrell | Thu, 02 Dec 2021

There is a concern for the offshore storage of covid vaccine data and national awareness of vaccine passes.

Finance

Businesses', banks' views on credit availability diverge

Jenny Ruth | Thu, 02 Dec 2021

Apparently, contradictory views among businesses and banks may all be correct.

Almost $1 billion: F&P defies market chatter

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team