Shares in Fisher and Paykel Healthcare third-best performer on NZX 50 after raising earnings forecast

Wed, 28 Aug 2013

By Tina Morrison Aug. 28 (BusinessDesk) – Shares in Fisher & Paykel Healthcare are the third-best performer on New Zealand’s benchmark NZX 50 Index today after the maker of breathing masks and respirators raised its 2014 earnings forecast as new products boost sales and widen margins. Shares in Fisher & Paykel rose 1.1 percent to $3.56 after chairman Mike Daniell told shareholders at the company’s annual meeting in Auckland yesterday that 2014 profit is likely to be $90 million to $95 million, up from its May forecast of $85 million to $90 m...

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