Additional Fletcher Building losses were the result of 'a sanity check'
New chief executive Ross Taylor says Fletcher is no longer basing forecasts on hope.
Fletcher Building’s [NZX: FBU] new boss says it was “a sanity check” and a more pragmatic approach that led to the company more than doubling previous estimates of its losses on major construction projects.
Analysts appeared at a loss to understand what had happened between October and this week
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Jenny Ruth
Thu, 15 Feb 2018
Thu, 15 Feb 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Additional Fletcher Building losses were the result of 'a sanity check'
73360