Fisher & Paykel Appliances managing director John Bongard today attributed improved sales to higher consumer spending, lower interest rates and a new focus on ‘lifestyle’ purchases rather than travel.

The company issued a statement advising that operating performance in the period from 11 November to 31 January had been ahead of expectations “driven by a combination of higher than budgeted sales, improved margins and lower costs from post-restructuring.”

Source: AAP