Fletcher Building plunges to $227 million loss including $100m Higgins impairment

Fletcher Building plunges to $227 million loss including $100m Higgins impairment
Revenue for Fletcher Building's materials and distribution business was about $550m lower year-on-year. (Image: Fletcher Building)
Rebecca Stevenson
New Zealand Exchange-listed Fletcher Building has reported a $227 million loss, with the now-sold Australian plumbing business Tradelink recording a $141m loss. The building giant said on Wednesday it had experienced significantly lower revenues in its materials and distribution divisions as it reported its result for the year to June 30. Fletcher Building said earnings before interest and tax (ebit) for continuing operations before taking into account $333m in significant items was $509m, a 35% fall from $785m in the previous fi...

More Infrastructure

Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
Methanex secures winter electricity supply again
Infrastructure

Methanex secures winter electricity supply again

Electricity generators are anxious to avoid winter power price spikes.

Pattrick Smellie 08 May 2025
Transpower proposes $1.4b replacement for ageing Cook Strait electricity cables
Infrastructure

Transpower proposes $1.4b replacement for ageing Cook Strait electricity cables

Transpower is proposing a $1.4 billion spend on replacing the ageing electricity cables linking the North and South Islands across the Cook Strait.The state-owned power transmission company released a consultation paper today setting out its proposals to replace key components of...

Staff reporters 07 May 2025