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20 Sep 2020 9:00
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  •   Home > News > Business

    Fletcher Building says it's in a good spot to weather any more possible storms of Covid-19

    Fletcher Building says it's in a good spot to weather any more possible storms of Covid-19


    The company's signalling a $196 million net loss for the financial year to June 30, mostly due to the virus.

    CEO Ross Taylor says Covid-19's long-term impacts are uncertain.

    But he says operating cash flows are expected to be up on last year at 410 million, and a strong balance sheet is intact, with net debt around 500 million and liquidity at 1.6 billion.

    © 2020 Newstalk ZB, NZCity


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