Fletcher Building sees 2014 earnings of $610M-$650M, no Australian improvement

Tue, 15 Oct 2013

By Jonathan Underhill Oct. 16 (BusinessDesk) - Fletcher Building forecast earnings before interest and tax for 2014 of between $610 million and $650 million, saying there has been no improvement in Australia and weak trading is being compounded by a strong kiwi dollar. “In Australia, there has been no noticeable improvement in volumes since the new financial year began and our prognosis for the year is for relatively flat conditions,” chairman Ralph Waters told shareholders at the annual meeting in Auckland. While Fletcher is hopeful for po...

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