Fisher and Paykel Healthcare first half profit jumps 20%

Company News

by Anna Napoli

New Zealand based appliance manufacturer Fisher and Paykel Healthcare (ASX:FPH) says its net profit was up 20 per cent to NZ$97 million for the first half of 2019.

Revenue for the six months to September 30 climbed 12 per cent compared to the same time last year to $511 million.

The company says the results are in line with expectations for the start of the 2019 financial year.

Fisher and Paykel Healthcare will pay an interim dividend of 9.75 NZ cents per ordinary share, an increase of 11 per cent on last year.

Shares in Fisher and Paykel Healthcare (ASX:FPH) closed 0.74 per cent higher to $12.28.