Friday 15th August 2003 |
Text too small? |
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.
No comments yet
SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report