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29 Mar 2024 19:56
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  •   Home > News > Business

    Fletcher Building expects a net earnings loss of 196-million dollars for the year to the end of June, mainly due to the impacts of Covid-19

    Fletcher Building expects a net earnings loss of 196-million dollars for the year to the end of June, mainly due to the impacts of Covid-19


    The company's annual results will be released in full on Wednesday next week.

    It's suffered significant lost revenues, especially during the lockdown and start-up period; higher expenses on legacy construction projects; and one-off restructuring costs to prepare for reduced market activity.

    Despite lower earnings, the company's cash flow performance and balance sheet position has remained very strong.

    © 2024 Newstalk ZB, NZCity

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    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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