NZ dollar rally may limit profit gains for Fisher and Paykel Healthcare, brokerage says

Thu, 26 Sep 2013

By Tina Morrison Sept. 26 (BusinessDesk) – Recent gains in the New Zealand dollar may limit profit gains at medical device maker Fisher & Paykel Healthcare Corp., which exports about 99 percent of its products. Brokerage Craigs Investment Partners trimmed back its expectations for the company’s 2014 and 2015 profit, citing a rally in the New Zealand dollar the past month from 77 US cents to about 82 cents, and a gain against the euro from 58 cents to about 61 cents. The brokerage cut its forecast for profit in the year ending March 31 to $9...

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