New Zealand's market fell in tandem with Fisher & Paykel Healthcare shares after the healthcare products manufacturer said it expects its first-half revenue to drop by 26% and net profit to more than halve as covid-related sales continue to fade.The S&P/NZX 50 index fell 129.5 points, or 1.1%, to 11,684.81. Turnover on the main board was $110.1 million.Fisher & Paykel Healthcare now expects operating revenue to be $670m in the six months ending Sept 30, versus $900m in the same period a year earlier.

https://businessdesk.co.nz/article/markets/fp-healthcare-drags-market-down-with-lower-half-year-profit-expected

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