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- Fisher & Paykel Healthcare published its 1H FY23 results on the ASX today (29 November).
- Following the news, the New Zealand-based healthcare company’s shares soared above 10%.
- The company’s NPAT for 1H FY23 was 57% lower than the prior comparable period.
On 29 November 2022, New Zealand-based medical equipment company Fisher & Paykel Healthcare Corporation Limited (ASX:FPH) released the results for the first half of FY23 on the Australian Stock Exchange (ASX).
As per the ASX announcement, for the six months ended 30 September 2022, the company generated operating revenue of NZ$690.6 million. This was higher than the company’s anticipation in its August trading update. Additionally, operating revenue for 1H FY23 was 23% (27% on constant currency) lower than the previous corresponding period (1H FY22).
The company’s net profit after tax (NPAT) for 1H FY23 saw a 57% (65% on constant currency) decrease from the prior comparable period (pcp), totalling NZ$95.9 million.
Following the 1H FY23 update, shares of Fisher & Paykel surged almost 10% higher on the ASX as its net profit retreated to pre-pandemic levels. One share of Fisher & Paykel was valued at AU$21.100 with a gain of 9.895% as of 3:52 PM AEDT on 29 November.
With today’s increase, Fisher & Paykel’s shares have gained 8.21% in the last five trading sessions and 18.01% in a month. However, on a year-to-date (YTD) basis, the share value of Fisher & Paykel has shed 32.20%, and in a year, it has plunged by 33.19%.
Moreover, Fisher & Paykel’s positive performance was also in line with the S&P/ASX 200 Health Care benchmark sector. INDEXASX:XHJ was standing at 43,416.6 points, with a gain of 236.9 points around the same time.
Talking about the 1H FY23 results, Lewis Gradon, managing director and CEO of Fisher & Paykel, said:
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Data Source: Company announcement dated 29 November 2022
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