Fletcher Building reiterates 2017 earnings guidance, lifts planned spending on land for housing

Mon, 17 Oct 2016

By Jonathan Underhill Oct. 18 (BusinessDesk) - Fletcher Building reiterated its forecast for 2017 operating earnings while lifting the amount it plans to spend on land for housing as it chases a target of boosting the number of homes it brings to market each year. Fletcher chief executive Mark Adamson told shareholders at their annual meeting in Christchurch that the construction and building products group is on track to lift earnings to a range of $720 million to $760 million, from $682 million in 2016. The Auckland-based company is...

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