RESEND: F&P Healthcare raises earnings forecast on weaker kiwi

Thu, 23 Aug 2018

(Fixes author) By Gavin Evans Aug. 23 (BusinessDesk) - Fisher & Paykel Healthcare Corp has raised its full-year earnings forecast by about $5 million on the back of strong sales growth and the weaker New Zealand dollar. The firm sells hospital equipment and personal sleep apnoea products in about 120 countries and gets only about 1 per cent of its sales in New Zealand. Chief executive Lewis Gradon said the recent weakening of the kiwi dollar was a major driver of the earnings upgrade. The kiwi recently traded at 66.75 US cents, and...

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