Fletcher Building sees FY earnings $650M-$690M on second-half rebound

Mon, 20 Oct 2014

Oct. 21 (BusinessDesk) - Fletcher Building, the biggest company on the NZX 50 Index, is forecasting a gain in full-year operating earnings of as much as 11 percent, driven by anticipated recovery in the second half. Earnings before interest, tax and significant items are expected to be in the range of $650 million to $690 million, departing chairman Ralph Waters said in his final address to shareholders. That would be up from $624 million in the 2014 year. With three months of the year completed, Waters said earnings in the first half wou...

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