Subscribe today - find out more
Why you should consider BusinessDesk
Infrastructure

Fletcher still targeting 10% profit margins in 2023

Jenny Ruth
Tue, 19 Oct 2021

Fletcher still targeting 10% profit margins in 2023
Chief executive Ross Taylor said Fletcher has a favourable market outlook. (Image: supplied)
Jenny Ruth
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Wakeup Call FREE
Markets bounce on omicron rethink
Bernard Hickey | Tue, 30 Nov 2021

Global stocks bounced as much as 1.5% this morning as fears about omicron receded somewhat.

Markets
The next carbon auction: predicting the unpredictable
Ian Llewellyn | Tue, 30 Nov 2021

The fourth auction will offer up 4.75 million New Zealand units with the current spot price trading near $65.

Technology
Push to train Māori and Pacific for tech careers
Henry Burrell | Tue, 30 Nov 2021

Amazon’s cloud computing arm is training people in tech with guaranteed internships and a possible job at the end. 

Sponsored
Mansons leads with 120% carbon offset for new builds

Mansons TCLM is committing to a benchmark of 120% carbon offset for new buildings.

Sponsored
SIXT drives the company car upmarket

SIXT is enhancing its adaptable car subscription service with SIXT Business, catering for businesses wanting premium vehicle fleets.