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FPH - Fisher & Paykel Healthcare News Story

NZD33.5 0.8  2.5%

Last Trade - 5:59am

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*: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)
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