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Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning The share market has come down hard on Fisher & Paykel Appliances - with its shares falling 40 per cent after the company issued a profit warning today. The whiteware manufacturer s shares, which were worth $2. 94 this time last year and worth $1 on Friday, went into free fall and are currently trading at just 60 cents, a 40 cent fall. Earlier today the company said it expected a net profit of $25 million to $30m, down up to 54 per cent on last year. Due to the deterioration in the New Zealand dollar, Fisher & Paykel Appliances total bank debt grew $122 from March last year to $512m at the end of January. It was predicted to be $570m by the end of March. It is now looking at reviewing its capital structure and alternative sources of capital. Fisher Capital Equipment Update - Market slams Fisher and Paykel on profit Warning The market was very concerned the company had to come back with a capital r
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