Fisher & Paykel Healthcare has a knack for beating our expectations and it's done it again, with a 20% increase in revenue to NZ$381m for the six months to 30 September, due to the growing popularity of its new range of high-margin masks.
Net profit was up an even more impressive 27% to NZ$62m thanks to cost-cutting initiatives that expanded the gross margin by 2.8 percentage points to 63.3%.
Net profit up 27%
Strong growth expected to continue
Raising price guide; Hold