Fletcher Building reports FY23 result, final dividend of 16

Wed, 16 Aug 2023

Fletcher Building today announced their audited financial results for the year ended 30 June 2023, with revenue of $8,469 million, EBIT before significant items of $798 million, EBIT margin of 9.4%, Net Profit After Tax of $235 million, Return on Funds Employed before significant items 17.1%, and Cash flows from operations of $388 million.

The company also announced a fully imputed final dividend of 16.0 cents per share, bringing the full-year FY23 dividend to 34 cps.

Fletcher Building Chief Executive Ross Taylor said the results showed progress in EBIT levels and EBIT margins, while the company is investing $800 million in growth opportunities over the next four years.