Fletcher cuts dividend as legacy costs bite
CEO welcomes 'good performance in a slowing market'.
Fletcher Building chief executive Ross Taylor.
Construction and building materials group Fletcher Building has cut its dividend payout after reporting profit down 46% on weaker housing sales and continued costs from legacy projects.
Net profit for the year to June was $235 million, down from $435m a year earlier.
As previously flagged by
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Subscribe Now
Monthly Premium Online Subscription
NZ$44.95 / monthly
Subscribe Now
Smartphone Only Subscription
NZ$24.95 / monthly
Subscribe Now
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly
credit card debit
Subscribe Now
Premium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly
credit card debit
Subscribe Now
Yearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Subscribe Now
Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
