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F&P Healthcare first-half profit rises 4%, lifts forecast for annual earnings

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Fisher & Paykel Healthcare, the medical device maker, increased first-half profit 4 percent, widened its margins, and lifted its forecast for full-year earnings to the top end of its range.

Net profit rose to $81.3 million, or 14.1 cents per share, in the six months ended Sept. 30, from $78.2 million, or 13.6 cents, in the same period a year earlier, the Auckland-based company said in a statement. The latest earnings included $9.8 million of patent litigation costs, and excluding those, profit would have risen 13 percent, it said.........

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