UPDATE: Fletcher Building reports loss but expects to resume dividends in FY19

Tue, 21 Aug 2018

(Updates to add detail throughout, broker comment) By Rebecca Howard Aug. 22 (BusinessDesk) - Fletcher Building reported a full year loss but expects to resume paying dividends this year after overhauling the business in the wake of steep losses in its Building + Interiors unit. The Auckland-based company said in a statement its net earnings loss was $190 million for the 12 months to June 30 compared to a profit of $94 million in the prior year. The result was weighed by $114 in impairment charges and $91 million of restructuring co...

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