Fletcher slims

Unveiling a higher than expected $168 million June-year profit, Mr Waters said the buoyant housing markets in both New Zealand and Australia would probably start to slow down but any erosion of revenue would be offset by savings from combining Fletcher's three New Zealand board businesses and the $754 million Laminex acquisition.

Twenty managers have already left the company and Mr Waters said more would follow. Revenue rose to $3.2 billion, from $2.9 billion a year ago.

Mr Waters also announced the Building Depot and Hire-a-Hubby franchise businesses would be sold.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

RYM - Ryman Healthcare appoints new independent director
ikeGPS 4Q FY26 and Full Year FY26 Performance Update
HGH - Heartland trading update
CVT - Comvita Rights Offer Opens
GNE - FY26 Q3 Performance Report and Updated Guidance
April 23rd Morning Report
Devon Funds Morning Note - 22 April 2026
AGL - Accordant Group Limited announces opening of Rights Offer
April 22nd Morning Report
BPG - Q4 FY26 Update: ARR reaches $26.8m