Fletcher Building ups earnings through trebling house builds, trialling social housing

Tue, 21 Oct 2014

By Fiona Rotherham Oct. 21 (BusinessDesk) - Fletcher Building, New Zealand's biggest company, is forecasting an upturn in earnings as it moves to triple the pace of home building in New Zealand and pilots a social housing project with government in Christchurch. The Auckland-based construction and building materials company told shareholders at their annual meeting today that full-year operating earnings in this financial year could rise by as much as 11 per cent to a range of $650 million to $690 million, compared to $624 million in the...

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