Fletcher's challenge in $800m investment plan

Fletcher's challenge in $800m investment plan
Fletcher's new Gib plant is on time and within budget. (Image: Fletcher Building)
Paul McBeth
Fletcher Building has more than $800 million earmarked for investments over a four-year period as the country’s biggest listed construction company eyes ways to plug its own gaps and squeeze more out of its wide range of businesses. The company deployed $308m of that investment in the June 2023 financial year alone and wants to lift earnings before interest and tax (Ebit) by at least $120m by the 2027 financial year. That alone would be a 15% uplift on the $798m of Ebit for the 12 months ended June 30, reported on Wedn...

More Infrastructure

Swedish-designed, Chinese-built ferries considered for Cook Strait
Infrastructure

Swedish-designed, Chinese-built ferries considered for Cook Strait

KiwiRail went for something else, but Stena's ferries could be back on the table.

Antarctica NZ abandons 'highly risky' Scott Base rebuild plan
Infrastructure

Antarctica NZ abandons 'highly risky' Scott Base rebuild plan

The Crown entity has reset its Antarctic redevelopment plans.

Oliver Lewis 04 Jul 2024
The Great Expectations on Kāinga Ora and KiwiRail
Policy

The Great Expectations on Kāinga Ora and KiwiRail

The Government is continuing to refresh boards and fire up expectations.

Dileepa Fonseka 03 Jul 2024
Port of Tauranga a 'slow follower' on price hikes
Infrastructure

Port of Tauranga a 'slow follower' on price hikes

Forsyth Barr has upgraded its outlook from 'neutral' to 'outperform'.

Oliver Lewis 03 Jul 2024