UPDATED F and P Healthcare 1H profit rises 18 percent, beating guidance, on record sales, wider margins

Thu, 22 Nov 2012

(Updates shares, adds investors comment starting in eighth paragraph) Nov. 22 (BusinessDesk) – Fisher & Paykel Healthcare beat its guidance with an 18 percent gain in first-half profit, making record sales while keeping a rein on costs and widening its margins. Profit in the full-year would also beat its estimate. Profit was $33.3 million, or 6 cents a share, in the six months ended Sept. 30, from $28.3 million, or 5.2 cents a year earlier, the Auckland-based company said in a statement. Sales rose 6 percent to $266.9 million. The company’s...

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