Fisher & Paykel Reports Sound Interim Result; Forecasts Remain Largely Unchanged
Narrow-moat-rated Fisher & Paykel reported interim fiscal 2018 results slightly below our expectations, with net profit after tax, or NPAT, of NZD 81.3 million on group revenue of NZD 458.4 million, up 4% and 8%, respectively, on the prior corresponding period. This included additional patent litigation costs of NZD 9.8 million in the period. Excluding these costs, NPAT growth would have been 13% on the PCP. Notably, management narrowed previous fiscal 2018 guidance to between NZD 185 millio...Fisher & Paykel Healthcare, together with its subsidiaries, is a designer, manufacturer and marketer of medical device products and systems for use in respiratory care, acute care and the treatment of obstructive sleep apnea (OSA). Co.'s respiratory and acute care products include heated humidifier and respiratory products that are used in the treatment of a variety of medical conditions which interfere with normal respiration. Co.'s OSA products include the continuous positive airway pressure (CPAP) therapy devices, which is used in the treatment of OSA. CPAP is delivered through a mask attached to a flow generator device which generates airflow and enough pressure to keep the airway open.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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