Record revenue and after-tax profits have been reported by Fisher and Paykel Healthcare, which is surging ahead after an almost 20% boost to its research and development spending.
Fisher and Paykel
World-class work from Fisher & Paykel Appliances designers in Dunedin has won a global award and the winning product, a built-in oven, is one of 70 products being launched today by the company.
Fisher and Paykel Appliances has committed to taking on more staff in its Dunedin product design centre as part of an expansion plan being driven by Chinese owner Haier, the world's largest appliance manufacturer.
Fisher & Paykel Healthcare (FPH) has outperformed its half-year financial expectations and upgraded its full-year profit guidance to about $70 million, a rise of between $3 million and $4 million.
Control of one of New Zealand's most well-known manufacturing companies, Fisher & Paykel Appliances, has passed into the control of Chinese-based Haier.
Haier Group must increase its offer for Fisher and Paykel Appliances shares if it wants shareholders to accept, Forsyth Barr broker Haley Van Leeuwen said yesterday.
Fisher and Paykel Appliances shareholders have a tough decision to make over what to do with their shares as the Chinese Haier Group takeover heats up.
Fisher & Paykel Appliances' independent directors have unanimously recommended that shareholders do not accept Haier's $1.20 a share takeover offer.
The benefits would be limited if a meeting of Fisher and Paykel Appliance shareholders was held to discuss the Haier Group full takeover bid of the whiteware manufacturer, Craigs Investment Partners broker Chris Timms said yesterday.
Fisher and Paykel Appliances shareholders are again being urged by company chairman Keith Turner to wait until they have all information available before deciding on whether or not to accept a takeover offer from Chinese company Haier.
Fisher and Paykel Appliances shareholders could be ready to sell their stake after years of no dividends and a low share price.
The Fisher and Paykel Appliances board is recommending shareholders take no action on the Haier Group takeover offer until an independent report is undertaken.
The innovative and market leading intellectual property and technology owned by Fisher and Paykel Appliances will be in the sights of Haier as it contemplates a takeover bid, Craigs Investment Partners broker Greg Easton says.
JOBS for the highly skilled in Dunedin could again be at risk of disappearing as Chinese company Haier contemplates a takeover of Fisher and Paykel Appliances (FPA) which has designers, call centre and support staff in the city.
In most office tearooms, microwaved food or sandwiches is as good as it gets, but as Charmian Smith reports, Fisher and Paykel staff take food more seriously.
Fisher and Paykel Healthcare reports this morning, with analysts preparing to crunch the numbers around the company's foreign exchange hedging policy.
Fisher and Paykel Appliances Holdings said its net profit slumped by 45 percent to $18.4 million for the year to March, partly due to one-off charges.
Shares in Fisher and Paykel Appliances have gained about 20% in value during the past three trading days with more than 4.4 million shares changing hands.
Fisher & Paykel Appliances shares soared in value on news yesterday the company had beaten its own profit forecasts and those provided earlier by analysts.