NZ's Fisher & Paykel Healthcare eyes best day in over 3 mnths on FY forecast upgrade

Fisher & Paykel Healthcare

21/03/2024 22:02

** Shares of Fisher & Paykel Healthcare  FPH.NZ  rise as
much as 3.3% to NZ$25.44, set for their best day since Dec 14 -
if current gains hold 
    ** Stock hits highest level since Feb 7 
    ** FPH on track for third consecutive day of gains
    ** Medical equipment distributor sees FY operating revenue
to be about NZ$1.73 bln ($1.05 bln) and underlying profit after
tax (excluding any fair value changes) in the range of about
NZ$260 mln to NZ$265 mln
    ** This compares to previous forecast for operating revenue
of NZ$1.7 bln and net profit after tax in the range of about
NZ$250 mln to NZ$260 mln 
    ** Co adds will shortly commence a scheduled valuation of
the properties it owns in East Tāmaki and Karaka, Auckland and
Tijuana, Mexico as of March 31 
    ** FPH shares are set to gain 6.9% this week, their best
week since early November, if gains hold
    ** Stock has risen 4.4% this year, as of last close


($1 = 1.6551 New Zealand dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))