Fisher & Paykel Healthcare (ASX: FPH) expects 200 bps jump in gross margin in FY24

Wed 27 Sep 23, 11:50 PM | Team Kalkine

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Highlights

Fisher & Paykel Healthcare Corporation Limited (ASX: FPH) offers medical devices and technologies which are used in acute and chronic respiratory care, surgery and treating obstructive sleep apnea. FPH’s products are sold in over 120 countries worldwide.

With the easing of pandemic-related restrictions worldwide, the company witnessed significant improvement in business in the middle of the financial year 2023 (FY23), as operating revenue increased by 14% YoY in the second half of FY23 (2HFY23).

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