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Hot Topic EARNINGS
Hot Topic EARNINGS
Investment
5 mins to read

Fletcher boss: ‘We’re not looking back’

Managing director Andrew Reding tells analyst that shareholders may never find out what went wrong inside the company.

Fletcher Building is still mulling a ‘capital light option’ for its residential and development division.

Tim Hunter Wed, 19 Feb 2025
Key points
  • Revenue: $3.58b in the six months to December 2024, down 7%
  • Net loss: $134m, down from a loss of $120m
  • Key takeaway: Economic activity expected to remain subdued in second half.

 

With his first question at Fletcher Building’s half year results briefing this morning, Jarden analyst Grant Swanepoel dragged the elephant from the corner of the room into the middle.

“So it’s a year ago now that the CEO and chairman fell on their sword for something that was going wrong in

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Tim Hunter Wed, 19 Feb 2025
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Key points
  • Revenue: $3.58b in the six months to December 2024, down 7%
  • Net loss: $134m, down from a loss of $120m
  • Key takeaway: Economic activity expected to remain subdued in second half.

 

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Fletcher boss: ‘We’re not looking back’
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