Green shoots for Fletcher by late next year?

The building company isn't through the worst of the downturn yet. (Image: Getty)

Fri, 11 Aug 2023

Analysts don’t expect Fletcher Building earnings to deviate from the firm’s recent guidance and are picking the construction sector to start reviving through the tail-end of next year, somewhat earlier than previously anticipated. The country’s biggest construction company is scheduled to report its annual result on Wednesday next week, signalling earnings before interest and taxes (Ebit) were about $800 million in the 12 months ended June 30, up from $756m in the prior year. That excludes an extra $105m of provision...

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