Fletcher claims improved result mainly due to its own efforts

Fletcher chief executive Ross Taylor. Fletcher shares rose 15 cents, or 2.3 percent, $6.60 in early trading.

Wed, 17 Feb 2021

Fletcher Building said improving market conditions contributed just 15 percent of its greatly improved first-half results and that its own "strategic improvements in operating efficiency" contributed 85 percent.However, analysts had foreshadowed a strong result because the New Zealand and Australian housing markets were much better than the company had feared.Chief executive Ross Taylor said the improvement in group earnings before interest and tax margin to 8.1 percent in the latest six months from 5.5 percent in the same period a ye...

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