Today, Fisher & Paykel Healthcare Corp Limited (ASX: FPH) announced a record net profit after tax of NZ$143.4 million for the year ended 31 March 2016, a 27% increase from the prior year. The company said the profit exceeded expectations of NZ$135-NZ$140 million. FPH shares closed up 2.2% for the week. We do not own FPH in the investment portfolio.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.