Fletcher beats guidance with $756m annual operating profit

Fletcher Building lifted annual net profit by 42% and beat its own guidance for operating profit, saying the outcome reflected “a dynamic operating environment”.The company reported a $432 million net profit for the year ended June compared with $305m the previous year.Earnings before interest and tax (Ebit) before significant items came in at $756m compared with the company’s $750m guidance.“Our performance highlighted our ability to deal with a dynamic operating environment while remaining focused on delivering long-te...