The recent trend of business for Fisher and Paykel Appliances continued in the six months ending September with appliances worse than expected, partially offset by the finance business.
Fisher and Paykel Appliances has posted a full-year after-tax loss of $83.3 million, having been hit by asset impairments of more than $100 million.
Fisher and Paykel Appliances' finance company has joined four other institutions approved for the Crown's extended retail deposit guarantee scheme. All of them will be covered until the end of next year.
An impairment write-down of $26.5 million by Fisher and Paykel Appliances announced yesterday is not expected to affect the full-year profit-line when the company reports at the end of the month.
The closure of Fisher and Paykel Appliances' Mosgiel plant and loss of 430 jobs in early 2008 prompted a reduction in Dunedin's gross domestic product for 2009, and the city remains dogged by low population growth.
