Fletcher still targeting 10% profit margins in 2023

Chief executive Ross Taylor said Fletcher has a favourable market outlook. (Image: supplied)

Tue, 19 Oct 2021

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...

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