NZ's Fisher & Paykel hits near 3-year high on forecast upgrade

Fisher & Paykel Healthcare

23/08/2024 01:16

** Shares of Fisher & Paykel Healthcare  FPH.NZ  rise as
much as 5.6% to NZ$33.90, their highest since late-November 2021
    ** Medical equipment maker expects FY25 NPAT in the range of
NZ$320 mln ($196.51 mln) to NZ$370 mln vs previous forecast of
between NZ$310 mln and NZ$360 mln
    ** Maintains FY25 revenue forecast of NZ$1.9 bln to NZ$2.0
bln
    ** Says year-to-date has begun strongly across all products
and regions
    ** Stock top gainer on the NZ 50 benchmark index  .NZ50 
    ** As of last close, stock up 36% YTD

($1 = 1.6284 New Zealand dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))