Fletcher flags $196m Covid-related loss
The construction giant felt the full brunt of the lockdown.
Fletcher Building expects to post a $196 million loss for the year to June 30 as it prepares for reduced market activity in the post Covid-19 economy.
The result is down more than 200% on its 2019 financial year, in which it posted a $164m profit after years of losses.
The NZX-listed
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