Fletcher Building announces half-year loss of $322 million

Fletcher Building has announced an operating earnings loss of $322 million for the six months ended 31 December 2017.

The loss compares to a $310m profit before significant items for the last six months of 2016.

Earlier this month Fletcher Building flagged its growing losses, and said the board had suspended the payment of an interim dividend.

The expected losses of $660m from the Building & Interiors division (B&I) division led Fletcher Building chairman Sir Ralph Norris to resign, though he will remain in the role until his successor is found.

from Ellie NZ Rss http://www.stuff.co.nz/business/101622503/Fletcher-Building-announces-half-year-loss-of-322-million

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