NZ's Fisher & Paykel Healthcare surges on increased interim dividend

Fisher & Paykel Healthcare

28/11/2022 22:09

** Shares of Fisher & Paykel Healthcare Corp  FPH.NZ  jump
as much as 5.4% to NZ$21.820 - biggest intraday pct gain since
Nov. 25, 2021
    ** The New Zealand-based respiratory products maker says
approved an interim dividend of 17.5 NZ cents/shr vs 17 NZ
cents/shr last year
    ** Says H2 revenue for FY23 will be higher than H1
    ** Posts HY net profit after tax of NZ$95.9 mln ($59.10
mln), down 57%
    ** Posts HY total revenue NZ$690.6 mln, down 23%
    ** Says co is now targeting constant currency operating
expense growth of approximately 8% for the full year
    ** Shares touch their highest since Aug 11
    ** Stock has fallen 36.8% this year, as of last close 
($1 = 1.6226 New Zealand dollars)
 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))