Fisher Paykel Healthcare has lifted its half year profit, as demand for its products rose.
The listed medical equipment manufacturer made $28.3 million in the six months to the end of September, an increase of 67% on the same period a year earlier when it was hit by one-off tax charges.
Revenue rose 3% to a record $252 million.
Fisher Paykel Healthcare chief executive Mike Daniell says improving demand for its respiratory and acute care products is encouraging.
He says the company's new manufacturing plant in Mexico is also helping the bottom line.
Mr Daniell says last year's $5 million cost of setting up the plant has contributed $3 million to this year's earnings.
He says assuming the New Zealand dollar remains between 75 and 80 US cents, the company's full year profit should be between $62 million $67 million - slightly higher than the $60 million to $65 million it forecast in August.
It will pay an unchanged dividend of 5.4 cents a share.