Fletcher beats guidance with $756m operating profit

Fletcher beats guidance with $756m operating profit
Chief executive Ross Taylor said Fletcher is focused on long-term, sustainable growth. (Image: Michael Craig/NZME)
Jenny Ruth
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...

More Infrastructure

Autopilot error caused Manawanui sinking – report
Infrastructure

Autopilot error caused Manawanui sinking – report

New Zealand’s Navy and the Defence Minister fronted a media conference today.

Staff reporters 04 Apr 2025
Southbase Construction targets North Island growth
Infrastructure

Southbase Construction targets North Island growth

Set up after the quakes, the Christchurch firm is rapidly scaling up in the North Island.

Oliver Lewis 04 Apr 2025
KiwiRail reveals $8m cost of McKinsey contract
Infrastructure

KiwiRail reveals $8m cost of McKinsey contract

Rail Minister Winston Peters calls it an unacceptable payment. 

Oliver Lewis 02 Apr 2025
Mainfreight praises 'logical, sensible' rail ferries decision
Infrastructure

Mainfreight praises 'logical, sensible' rail ferries decision

Port companies on both side of the Cook Strait also welcome increased certainty.

Oliver Lewis 01 Apr 2025