Fletcher's results and outlook wows investors

Jarden analyst Grant Swanepoel said it's a very positive result. (Image: supplied)

Wed, 16 Feb 2022

Fletcher Building wowed investors with a mostly stronger-than-expected first-half result and a significantly higher full-year forecast than analysts had pencilled in.The company reported a 41% jump in first-half net profit to $171 million, although earnings before interest and tax (ebit) were up just 3% to $332m.Chief executive Ross Taylor is forecasting full-year ebit before significant items to come in at about $750m, much higher than the analysts' consensus forecasts.Forsyth Barr put the latter at $697m while Jarden said Bloomberg consen...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am