Fletcher Building beats guidance and sees 'solid' outlook

Chief executive Ross Taylor said his strategy is paying off. (Image: supplied)

Wed, 18 Aug 2021

Fletcher Building beat its own annual profit guidance and credited its turnaround strategy.While the net result for year ended June turned to a $305 million profit from a $196m loss the previous year, earnings before interest and tax (ebit) came in at $669m compared with the guidance range of $610m to $660m and up from $160m the previous year.The company, which has put investors through years of losses and unpleasant shocks, will pay a final dividend of 18 cents per share on Sept 17, taking the annual payout to 30cps. There were no dividends la...

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