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The New Zealand-based medical-device maker notched a strong interim result and was on track to repeat the performance for the full year. It might struggle now to meet its rosy projections in the wake of the US decision to impose tariffs on Mexico.
One of the shining lights in Australian equity portfolios during a very difficult March quarter was Fisher & Paykel Healthcare, a global leader in the manufacture of respiratory humidifiers. Demand for the company’s products, which are used in intensive care units (ICUs), has grown strongly during the COVID-19 crisis, but the company believes there is…