FPH announced an operating profit of $302.7 million for the six months ended September, up 10% on the $275.9 million reported in the previous corresponding period. The before tax profit rose 3% to $114.1 million and the reported profit was also up 4% to $81.3 million from $78.2million. Revenue rose 8% to $458.4million. FPH had narrowed its 2018 guidance for reported profit to between $185million to $190million, helped by favourable currency movements. ``We are not expecting to materially change our current expectations for full-year reported profit of $191million.''

Source: Otago Daily Times November 21, 2017 15:56 UTC