F&P profit notice

Fisher & Paykel Healthcare estimates that an increase in its deferred tax liability will decrease its net profit after tax by $11 million in the year ending March 31, 2011.

The statement follows other disclosures by Fletcher Building, SkyCity, Goodman Fielder, The Warehouse and property trusts and more are expected.

The Government reduced the corporate tax rate to 28 per cent from 30 and removed depreciation on buildings for tax purposes.