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Fisher & Paykel Healthcare Corp Ltd (FPH) Shares Fall After Growing Profit By 12%

The Fisher & Paykel Healthcare Corp Ltd (ASX:FPH) share price has fallen by 1.39% after reporting its profit result for the full year to 31 March 2018.
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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The Fisher & Paykel Healthcare Corp Ltd (ASX: FPH) share price fell 1.39% after reporting its profit result for the full year to 31 March 2018, according to Yahoo! Finance.

Fisher & Paykel Healthcare describes itself as a leading designer, manufacturer and marketer of products and systems for use in respiratory care, acute care, and the treatment of obstructive sleep.

Here are some of the highlights from FPH’s full-year result:

  • Net profit grew by 12% to NZ$190.2 million
  • Revenue grew by 10% to NZ$980.8 million
  • Research & Development investment increased by 10%
  • Final dividend increased by 11% to 12.5 cents per share

Managing Director and CEO Lewis Gradon said, “Our consistent long term strategy has again delivered strong revenue and earnings growth over the past financial year and, over this same time period, our products and systems were used in the treatment of an estimated 13 million patients around the world.”

According to Fisher & Paykel Healthcare, its hospital product group grew revenue by 14% to NZ$572.1 million and the homecare product revenue grew by 4% to NZ$398.1 million.

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