Fletcher profit down 8%; Rocla for sale

Wed, 19 Feb 2020

Fletcher Building said first-half net profit fell 8 percent on Australian restructuring costs and as its markets in Australia contracted.Net profit fell to $82 million for the six months ended December compared with $89 million in the same six months a year earlier. The company said the latest result included $35 million in costs associated with trying to right its Australian operations.Earnings before interest and tax fell to $219 million compared with ebit from continuing operations of $248 million in the year-earlier first half – the company...

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