Fletcher could take massive multi-million dollar hit: Huge earnings downgrade - News Summed Up

Fletcher could take massive multi-million dollar hit: Huge earnings downgrade


Full-year operating earnings before interest, tax and significant items are expected to be $610 million to $650 million, compared with previous guidance of $720 million to $760 million. Related Content Fletcher Building trading halt doesn't sound good: analyst Fletcher Building in trading halt pending review of construction unit Video Watch NZH Focus: Fletcher profit drop"It doesn't sound good. It's a little bit unusual to go into a trading halt just because you're putting out an update. An announcement regarding earnings guidance for the 2017 financial year was made before the NZ and Australian exchanges opened today. The trading halt was lifted at 8.30am.


Source: New Zealand Herald March 19, 2017 20:01 UTC



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