Fisher & Paykel Healthcare logo

FPH - Fisher & Paykel Healthcare News Story

NZD33.5 0.8  2.5%

Last Trade - 5:59am

Sector
Healthcare
Size
Large Cap
Market Cap £10.04bn
Enterprise Value £10.01bn
Revenue £833.6m
Position in Universe 29th / 1899

BUZZ-NZ's Fisher & Paykel Healthcare hits 2-week high on strong results, outlook

Tue 24th November, 2020 11:04pm
** Shares of medical device maker Fisher & Paykel Healthcare
Corp  FPH.NZ  rise as much as 3.6% to NZ$35.260, their highest
since Nov 10
    ** Co says H1 net profit after tax was NZ$225.5 mln ($157.33
mln), up 86% from a year earlier, while operating revenue jumped
59% to NZ$910.2 mln  urn:newsml:reuters.com:*:nNZWbtG1gQ
    ** Says result was driven by increased demand for co's
hospital hardware, reflecting a shift toward using nasal high
flow therapy for treating COVID-19 patients
    ** If hospital hardware sales return to normal levels from
Jan 2021, among other assumptions, FPH forecasts FY21 operating
revenue of NZ$1.72 bln and net profit after tax between NZ$400
mln to NZ$415 mln
    ** Stock on track for third consecutive session of gains; Up
~53.4% this year, as of last close 


($1 = 1.4333 New Zealand dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.