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.
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