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F&P Healthcare lifts forecast, expands Mexico plant

Posted On 17 Feb 2014
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Fisher & Paykel Healthcare has raised its earnings guidance and brought forward plans to expand its manufacturing facility in Mexico.

The firm’s annual profit for the year to March 31 is now seen at $97 million, up from the November forecast of $90-$95m.

“Demand during the second half has been very encouraging, particularly for our Simplus, Eson and Pilairo Q masks, which are used for the treatment of OSA,” chief executive Michael Daniell said.

”Operating margin has continued to improve as a result of product mix, operating efficiency gains and manufacturing at our Mexico facility”.

Read the source article at Stuff.co.nz

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