Fletcher still targeting 10% profit margins in 2023

Fletcher still targeting 10% profit margins in 2023
Chief executive Ross Taylor said Fletcher has a favourable market outlook. (Image: supplied)
Jenny Ruth
Fletcher Building said it is continuing to target 10% operating profit margins in the year ending June 2023 but the current year's margins will be impacted by the covid lockdowns."We are confident that our second-half 2022 margin will show good progress towards our about 10% target, assuming no further material impacts from covid lockdowns," chief executive Ross Taylor said in a speech prepared for delivery at Fletcher's annual shareholders' meeting later today.Fletcher's earnings before interest and tax (ebit) before...

More Infrastructure

Fast-track panels to be set up from Feb 7
Policy

Fast-track panels to be set up from Feb 7

Application cost details expected in coming weeks. 

Oliver Lewis 10 Jan 2025
Rail tunnel important for coal exports to reopen
Infrastructure

Rail tunnel important for coal exports to reopen

Miner Bathurst Resources suffered a financial hit from the West Coast tunnel closure.

Oliver Lewis 08 Jan 2025
Infratil $480m injection prevents CDC devaluation
Infrastructure

Infratil $480m injection prevents CDC devaluation

The value of Infratil's holding has grown tenfold since acquisition. 

Gregor Thompson 07 Jan 2025
Fast-tracked dry dock could be delivered in four years
Policy

Fast-tracked dry dock could be delivered in four years

A rail spur, port expansion and dry dock are all in line for fast-tracking at Northport.

Oliver Lewis 07 Jan 2025