With a market capitalisation of over $18 billion, F&P Healthcare is the sharemarket's biggest company. The March 2020 net profit compares with the company's own earnings guidance of $275m to $280m. The company, whose sales have been boosted by the Covid-19 outbreak, said its revenue for the 2021 financial year would be about $1.48b. Excluding the impact from tax changes, being the R&D tax credit and building tax depreciation, net profit after tax grew 23 per cent. The company said it expected to increase dividends as earnings grow, while taking into consideration its target gearing ratio.

Source: Otago Daily Times June 28, 2020 21:22 UTC