Fletcher has downgraded its earnings forecast by 10 per cent, amid tougher trading conditions in Australia
Fletcher has downgraded its earnings forecast by 10 per cent, amid tougher trading conditions in Australia
20 November 2018
The company's now forecasting 2019 half-year earnings - before interest, tax and significant items - to be in the range of 630-million-dollars to 680-million-dollars.
While the company is still targeting the top end of this range, it's citing an outage at its Golden Bay cement plant as an impact on first-half earnings.
Fletcher says a return to dividend payments would be subject to satisfactory trading conditions and group cash flows.
It's after it cancelled its dividend payout in August when it posted a full-year loss 190-million-dollars.
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