27 Aug 2010

Flat profit predicted for Fisher and Paykel Healthcare

9:39 pm on 27 August 2010

Shares in Fisher and Paykel Healthcare edged down on Friday after the health equipment maker said it expects this year's profits to be flat.

The company is forecasting an full-year profit of between $65 million to $70 million, but only if the exchange rate remains at about 70 US cents.

Chief executive Mike Daniell expects growth will be subdued in the first half of the year.

Shares in Fisher and Paykel Healthcare fell 2 cents to $2.81 by the close of trade on Friday.