Fletcher Building achieved second-half profit margins of 9.5%, just below its target of 10% by the 2023 financial year.
The Australian infrastructure and facilities management contractor will act as steward of central and north road networks for at least another five years
Fletcher's new plant at Tauriko, due to open next year, will increase industry capacity by 30%.
Even under a “bear-case scenario”, the house building pipeline should support Fletcher’s medium-to-long-term performance.
Infrastructure Editor
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articles by Oliver