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NZ's F&P Appliances expects H1 loss

Sun Aug 17, 2008 9:49pm EDT

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WELLINGTON, Aug 18 (Reuters) - New Zealand appliance maker Fisher and Paykel Appliances Ltd (FPA.NZ) said on Monday that it expected it post a first half loss after restructuring its business of NZ$7 million to NZ$10 million ($4.9-$7 million).

However, it said an improvement in second half performance that would see it post full year earnings at the lower end of analysts' forecasts.

Shares in Fisher & Paykel Appliances last traded down 5.3 percent at NZ$1.98, in a slightly weaker broader market. ($1=NZ$1.42)



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