F&P Healthcare boosts share market with stable revenue

The S&P/NZX 50 Index rose 91.83 points, or 0.8%, to 11,977.48. Turnover was $205 million.

F&P Healthcare said operating revenue for the financial year ending in March would be almost $1.6 billion, slightly below the $1.68b revenue earned the previous year. 

In November, when the company reported its interim result, it declined to give guidance, warning that conditions were still uncertain.

Despite the year-on-year fall in revenue, shares in F&P Healthcare jumped 5.4% to $26.32 today.