A sharp surge in profit for one of New Zealand's largest companies

Fisher and Paykel Healthcare has surpassed its own and market expectations - reporting a 43-percent increase in annual profit.

It's boosted by record turnover topping two-billion dollars.

The company's continuing to monitor changes to tariff policy.

Its manufacturing's split between New Zealand and Mexico, with almost half its revenue from the US.

The final shareholder dividend is 42.5 cents a share.