Fletcher four-month ebit lifts 55% as margins improve

Tue, 10 Nov 2020

Fletcher Building said operating profit in the four months ended October was up 55 percent on a sales rise of 1 percent.Earnings before interest and tax were $227 million for the four months, up $80 million from $147 million in the same period last year.The company said its profit margins rose 2.9 percentage points in the four months."Through all the disruption and uncertainty of the past year, our people have adapted and responded superbly, maintaining a focus on delivering for our customers," chief executive Ross Taylor said."W...

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