Fletcher Building beats guidance and sees 'solid' outlook

Fletcher Building beats guidance and sees 'solid' outlook
Chief executive Ross Taylor said his strategy is paying off. (Image: supplied)
Jenny Ruth
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...

More Infrastructure

What Infratil likes about Contact Energy
Infrastructure

What Infratil likes about Contact Energy

Infratil is keeping its options open, while TECT diversifies.

Asset recycling: privatisation or better housekeeping
Policy

Asset recycling: privatisation or better housekeeping

On asset recycling, Silvana Schenone cites Marie Kondo rather than Milton Friedman.

Dileepa Fonseka 20 Oct 2025
New directors appointed to NZ infrastructure boards
Infrastructure

New directors appointed to NZ infrastructure boards

New directors have been appointed to the boards of Crown Infrastructure Delivery (CID), National Infrastructure Funding and Financing (NIFFCo), and the New Zealand Infrastructure Commission.Infrastructure Minister, Chris Bishop, highlighted the expertise the new and reappointed d...

BD AI 16 Oct 2025
'Meth' ministry moves: staffing data sought for four-way merger
Infrastructure

'Meth' ministry moves: staffing data sought for four-way merger

Work is progressing on a four-ministry merger with the pejorative nickname ‘Meth’.

Dileepa Fonseka 14 Oct 2025