NZ's Fisher & Paykel Healthcare reaffirms FY24 revenue outlook; stock falls

Fisher & Paykel Healthcare

29/08/2023 02:29

** Shares of Fisher & Paykel Healthcare Corp  FPH.NZ  fall
as much as 4.1% to NZ$21.30, their lowest level since Nov. 29,
2022
    ** FPH marks its worst intraday pct drop since June 30; on
track to lose for a fourth straight day, if trend holds
    ** FPH among top 10 losers in the S&P/NZX 50 index  .NZ50 
    ** Expects 1H24 operating revenue of about NZ$790 mln
($466.42 mln), up from NZ$690.6 mln last year
    ** Despite that, FPH does not expect any change to FY24
revenue guidance of about NZ$1.70 bln based on trading
conditions to-date
    ** Expects FY24 NPAT between NZ$95 mln and NZ$105 mln, vs
last year's NZ$95.9 mln
    ** FPH trading 0.5% lower at NZ$22.11 as at 0108 GMT
    ** FPH down 1.7% this year, as of last close

($1 = 1.6938 New Zealand dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))