Fletcher Building profit up 71%: CEO pay rises 17%

Tue, 16 Aug 2016

By Fiona Rotherham Aug. 17 (BusinessDesk) - Fletcher Building chief executive Mark Adamson received a 17 percent pay rise this year to $4.72 million while the building and construction company reported a 71 percent gain in full-year profit and met its earnings guidance. Net profit rose to $462 million from $270 million for the year ending June 30, 2016 while total revenue gained 4 percent to $9 billion, with the company benefiting from New Zealand’s construction boom and improved earnings growth in its Australian businesses. The annual...

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