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Strong demand

Friday 9th May 2003

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Only two construction companies are listed on the Stock Exchange.

Fletcher Building gets the majority of its revenue from making and selling building products. Its building arm, Fletcher Construction, operates in both the commercial and residential construction markets.

Fletcher Building posted a 102% higher $83 million profit for the December first half. Both divisions reported strong demand.

McConnell Dowell has its primary listing on the Australian Stock Exchange.

The company isn't involved in housebuilding, concentrating on commercial building and heavy construction projects such as tunnels and pipelines in Australia, New Zealand, the Middle East and Asia. December first-half profit was up 36% to $A4.6 million.

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