FIRST CUT: Fletcher Building's FY operating earnings within guidance

Tue, 21 Aug 2018

By Rebecca Howard Aug. 22 (BusinessDesk) - Fletcher Building reported a full year loss, reflecting losses at its Building + Interiors unit, but said that its operating earnings excluding those losses were within guidance. The Auckland-based company said in a statement its net earnings loss was $190 million for the 12 months to June 30 compared to a profit of $94 million in the prior year. However, operating earnings before significant items - excluding Building + Interiors - were $710 million, within the $680 million to $720 million range...

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