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Jarden Brief: F&P leads healthcare sector rise, energy volatile, bitcoin tanks
22 Apr, 2021 08:42 PM
7 minutes to read
The top-performing stock of the NZX50 yesterday was medical equipment producer, Fisher & Paykel Healthcare, which rose 4.2 per cent. Photo / File
The top-performing stock of the NZX50 yesterday was medical equipment producer, Fisher & Paykel Healthcare, which rose 4.2 per cent. Photo / File
NZ Herald
New Zealand The NZX50 recovered some ground yesterday, up 0.4 per cent. The rise was led by the healthcare and consumer cyclicals sectors, up 2.6 and 1.0 per cent, respectively.
Meanwhile, utilities and consumer non-cyclicals were the worst-performing sectors, down 1.0 and 0.9 per cent, respectively.
Photo: Unsplash / Hanson Lu
It reported a net loss of $1.8 million for the first half of the financial year, down 114 percent on the year earlier when it made $13m.
During the period the company worked hard to bring down debt levels - down from $175m in March last year, to $22m at the end of December.
This was done mostly though selling its vehicle fleet, with a 132 percent increase in global vehicle sales revenue compared to the year before, contributing to overall revenue down only 1 pct year-on-year.
Chief executive Grant Webster said that freed up cash and allowed the business more flexibility across its various markets.