F&P Healthcare bounces back to ‘business as usual’

Hardware sales have returned to pre-covid levels. (Image: F&P)

Wed, 30 Nov 2022

Shares in Fisher & Paykel Healthcare soared yesterday after the company beat its own earnings guidance and suggested most of the post-pandemic decline was in the past. The company reported a 57% decline in net profit and a 23% fall in operating revenue in the six months ended Sept 30. But this drop was compared to a period of abnormally strong sales when the world was facing up to an omicron outbreak in the latter half of 2021. F&P Healthcare’s customers bought years’ worth of hospital hardware and built up th...

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