UPDATED: Fletcher cost cutting, margin protection to help drive 2015 earnings growth

Wed, 20 Aug 2014

By Jonathan Underhill Aug. 20 (BusinessDesk) - Fletcher Building is counting on cost savings and a backlog of construction work in New Zealand to help drive earnings growth in 2015, which started from a lower base after the sale of assets and completion of major contracts. The biggest company on the NZX 50 Index is coming to the end of its Stonefields residential development in Auckland and its Earthquake Recovery programme in Christchurch. At the same time, it won't have earnings from Pacific Steel or Australia's Hudson Building Supplies...

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