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FPH - Fisher & Paykel Healthcare News Story

NZD29.75 -0.6  -2.0%

Last Trade - 3:59am

Large Cap
Market Cap £8.69bn
Enterprise Value £8.60bn
Revenue £972.3m
Position in Universe 30th / 1957

BUZZ-NZ's Fisher & Paykel Healthcare climbs to 2-mth high on first-half beat

Wed 24th November, 2021 11:40pm
** Shares of respiratory products maker Fisher & Paykel
Healthcare Corporation Ltd  FPH.NZ  rise as much as 4.3% to
NZ$33.580, their highest since Sept. 24
    ** NZX's biggest co by market cap posts a 2% decline in its
first-half net profit after tax to NZ$222 mln ($152.56 mln) and
an operating revenue of NZ$900 mln, down 1% over last year*:nNZWbcQdY4
    ** Co's HY results beat market expectations which were at
NZ$866 mln for revenue and NZ$200 mln for net profit
    ** Co adds it will invest about NZ$700 mln in land and
buildings and expects to add an additional three manufacturing
facilities outside New Zealand over a five-year period
    ** Stock posts its biggest intraday pct gain since Nov. 15,
on track for third straight session of gains
    ** Stock top percentage gainer on the benchmark NZX 50 index
    ** Stock has, however, lost 2.3% this year as of last close

($1 = 1.4552 New Zealand dollars)

 (Reporting by Yamini C S)
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