F&P Healthcare profit falls 28% as pandemic subsides

(Image: F&P Healthcare)

Wed, 25 May 2022

Fisher & Paykel Healthcare has reported a 28% decline in net profit and a 15% fall in revenue in the 2022 financial year, as the boost to sales from covid fades. The healthcare products manufacturer generated $1.68 billion in annual revenue, reaping a net profit of $376.9 million. While much lower than the previous year, operating revenue was up 33% from the most recent pre-covid financial year.Managing director Lewis Gradon said the company’s hardware was now installed in hospitals around the world and its products had many uses...

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