Fletcher Building full year restructuring, impairment costs could hit $781m

Fletcher Building full year restructuring, impairment costs could hit $781m
Fletcher Building is holding an investors' day. (Image: Getty)
Rebecca Howard
Fletcher Building now expects restructuring and impairment costs to total between $573 million and $781m in the year to June 30. It had already announced $251m of significant items related to Iplex Australia pipes and the Tradelink disposal. On Tuesday, the dual-listed building giant told investors that additional non-cash significant Items of between about $250m and $440m and cash significant Items of between about $50m and $60m are expected in FY25. These items will be finalised as part of year-end reporting.About $10m to...

More Infrastructure

Global builders, investors shortlisted for Northland Expressway
Infrastructure

Global builders, investors shortlisted for Northland Expressway

NZTA has narrowed down the race to build one of our biggest project to three groups.

Oliver Lewis 23 Jun 2025
Auckland's multibillion-dollar midtown moment
Economy

Auckland's multibillion-dollar midtown moment

Auckland's midtown area is the target of several multibillion-dollar investments.

Four roles on the line in new Antarctica NZ proposal
Infrastructure

Four roles on the line in new Antarctica NZ proposal

The restructure aims to better integrate the Scott Base redevelopment project.

Oliver Lewis 23 Jun 2025
'Enormous frustration': the slog to relieve port bottlenecks
Policy

'Enormous frustration': the slog to relieve port bottlenecks

Port of Tauranga is planning a $350m to $400m upgrade, if only it can get consent.

Oliver Lewis 23 Jun 2025