21 Nov 2011

Half-year figures awaited from duo

7:00 am on 21 November 2011

A clearer picture of how firms are coping with slowing global growth and the volatile New Zealand dollar should emerge this week, when two two large listed manufacturers issue their half-year results.

Fisher & Paykel Healthcare issues its results on Wednesday morning and Fisher & Paykel Appliances does so on Friday.

Forsyth Barr analyst, Guy Hallwright, expects Fisher & Paykel Healthcare's half-year profit to be close to, or maybe slightly higher than the $27 million it had forecast.

Morningstar Research Senior equities analyst Nachi Moghe expects Fisher & Paykel Appliances to post a half-year profit of between $8 - $9 million - in line with the forecast the company gave at its annual meeting a few months ago.

Mr Moghe says the New Zealand dollar probably won't have affected the company's earnings too much, but the Australian dollar will have.

He says it is unlikely Fisher & Paykel Appliances will give any full year guidance, because currency, demand and costs remain too volatile.