F&P Health keeps cautious outlook as first-half earnings rise 24%

Wed, 27 Nov 2019

Fisher & Paykel Healthcare has kept a relatively conservative outlook for the year as it reported a 24 percent lift in first-half profit.Net profit rose to $121.2 million in the six months ended Sept. 30 from $97.4 million a year earlier. Revenue rose 12 percent to $570.9 million, as its hospital division lifted sales 19 percent on strong demand for its Optiflow and Airvo systems."We saw strong demand across our hospital product portfolio, but in particular, for our Optiflow and Airvo systems, which continued to benefit from the growing bod...

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