F&P Healthcare shares jump 5.2% as weak kiwi prompts earnings upgrade

Wed, 28 Aug 2019

By Paul McBeth Aug. 28 (BusinessDesk) - Fisher & Paykel Healthcare shares jumped 5.2 percent after the breathing mask respirator maker lifted its earnings outlook as a weaker kiwi dollar boosted the value of its predominantly export sales. Chief executive Lewis Gradon said the manufacturer expects to report net profit of $245-250 million in the year ending March 31 on revenue of $1.17 billion, up from an earlier forecast for profit of $240-250 million on sales of $1.15 billion. The increased guidance is based on the kiwi dollar trading ar...

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