Norris to step down as Fletcher’s B+I unit forecasts $660m loss
Fletcher's banks have waived breaches of its financial covenants.
Fletcher Building [NZX:FBU] says it estimates its unit responsible for its major construction projects will lose a further $486 million in operating profit in the year ending June, taking total losses from that unit to $660 million.
That’s on top of the $292 million in earnings before interest
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Jenny Ruth
Wed, 14 Feb 2018
Wed, 14 Feb 2018
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Norris to step down as Fletcher’s B+I unit forecasts $660m loss
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