Strong NZ market expected to boost Fletcher Building 2016 earnings

Mon, 16 Nov 2015

By Tina Morrison Nov. 17 (BusinessDesk) - Fletcher Building expects to boost annual earnings as strong market conditions in New Zealand offset more mixed conditions in Australia. Operating earnings before interest, tax and significant items is expected to be between $650 million and $690 million in the year ending June 30, 2016, the Auckland-based company said in a statement. That compares with $653 million reported in the year earlier period, or $610 million on a normalised basis when excluding one-time items, it said. "We expect the...

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