FPH Announces Its Full Year Results; Profit Up by 37%

  • Jun 29, 2020 NZST
  • Team Kalkine
FPH Announces Its Full Year Results; Profit Up by 37%

For the 12 months ended 31st March 2020 Fisher & Paykel Healthcare Corporation Limited (NZX: FPH) reported operating revenue of $1.26 billion, up 18% over last year, or 14% in constant currency. Net profit after tax stood at $287.3 million, up 37% over the previous year, or 30% in constant currency.

The increase in revenue was mainly led by growth in the demand for products to treat COVID-19 patients, increase in the usage of the company’s OptiflowTM nasal high flow therapy and robust hospital hardware sales during the course of the year.

 


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