Photo: NZ HeraldFletcher Building has made a $120 million net loss after tax in its interim result and its chief executive has resigned, giving six month’s notice. The company remains in a trading halt till 12.30pm today and the result is a 230 per cent drop in profit. Forsyth Barr analysts had last week forecast $299m ebit before significant items from today’s result, down 17 per cent on 1H23. Craigs’ analysts estimated $327m ebit before significant items, down 9 per cent on 1H23. On Monday, the company went into a trading halt before today’s result.

Source: New Zealand Herald February 14, 2024 03:05 UTC