Fisher & Paykel Healthcare profit slumps but operating revenue meets guidance

The company sees market conditions progressing to a more normal state (Image: NZME)

Fri, 26 May 2023

Fisher & Paykel Healthcare’s annual net profit slumped 34% as the world gets back to normal after the covid-19 pandemic.Net profit was $250.3 million in the year to March 31, down from $376.9m in the prior year. Profit dropped 39% in constant currency terms, which removes the impact of exchange rate movements. F&P Healthcare enjoyed a massive lift in profit and revenue through the pandemic as hospitals sought high and low for nasal high-flow therapy machines and related consumables used to assist breathing. Normal state&...

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