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

Fletcher Building beats guidance and sees 'solid' outlook

Jenny Ruth
Wed, 18 Aug 2021

Chief executive Ross Taylor said his strategy is paying off. (Image: supplied)
Jenny Ruth
Wed, 18 Aug 2021
Fletcher Building beat its own annual profit guidance and credited its turnaround strategy.While the net result for year ended June turned to a $305 million profit from a $196m loss the previous year, earnings before interest and tax (ebit) came in at $669m compared with the guidance range of $610m to $660m and up from $160m the previous year.The company, which has put investors through years of losses and unpleasant shocks, will pay a final dividend of 18 cents per share on Sept 17, taking the annual payout to 30cps. There were no dividends la...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property
Arvida's $345m purchase a sharp deal with development opportunities
Jenny Ruth | Tue, 19 Oct 2021

Arvida is raising more capital than it needed to complete the Arena transaction.

Coronavirus
Auckland to stay in level 3 lockdown until Nov 1
Ian Llewellyn | Mon, 18 Oct 2021

PM Ardern says it is hard but Auckland must remain in alert level 3 until vaccination rates get up.

Technology FREE
Partner Content: The pros and cons of going solo on security
Spark | Mon, 18 Oct 2021

Cybersecurity is not an option, but how your business finds the right tools for the job is.

Sponsored
Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Sponsored
Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.