News

Fisher & Paykel Finance beats profit forecast with 8.9% rise

Thursday 24th of May 2012

The finance company's earnings before intrerest and tax (EBIT), excluding a one-off litigation charge of $6.8 million, rose 8.9% to $37.8 million while the appliances business' EBIT fell 52.3% to $11.3 million.

The outcome beat the company's $32 million EBIT forecast for the finance company made in November last year.

Chief operating officer Greg Shepherd says the better-than-expe...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.