Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Fisher & Paykel to Report Weak First-Half Results
Nov 10, 2003
 Printable format
 Email this Article
 Search

New Zealand-based companies Fisher & Paykel Appliances Holdings Ltd. and Fisher & Paykel Healthcare Ltd. are scheduled to report their first-half earnings this week, but neither will match the strong profit rises seen in previous earnings reports, according to analysts.

Fisher & Paykel Healthcare, a medical equipment maker, will report a first-half net profit of NZ$26 million (approx. U.S. $16.0 million) from earnings before interest and tax of NZ$38.3 million, according to a Dow Jones Newswires poll of four analysts.

This is NZ$7.8 million below the previous first half net profit of NZ$33.8 million, but the drop is due to a change in accounting treatment of foreign exchange, in which the company no longer marks to market its hedge portfolio.

One analyst said that after excluding gains from the foreign exchange hedge book, last year's first-half net profit was NZ$25.2 million.

The expected EBIT of NZ$38.3 million is above the previous year's first-half EBIT of NZ$35.7 million.

Fisher & Paykel Appliances, a home appliance maker that split from the Healthcare business in late 2001, will report a flat first-half net profit of NZ$34 million -- the same as the previous year's first half, according to a Dow Jones Newswires poll of five analysts.

Earnings before interest and tax are estimated at NZ$51.2 million.

Profit estimates ranged from NZ$33 million to NZ$35.8 million.

Like the Healthcare business of which Fisher & Paykel Appliances owns 19 percent, the first- half profit won't match up to the full-year result the company posted in May when it reported full-year earnings before interest and tax for the core appliance business of NZ$91.3 million, up 44 percent from the year before. (Dow Jones)

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows