Restructuring costs and low work volumes in New Zealand and
Australia soured Fletcher Building's financial result, with
its after-tax profit coming in at the lower end of guidance
and 12% down on last year.
Analysts are picking Fletcher Building - the lead contractor
of Christchurch's multibillion-dollar rebuilding - will
deliver after-tax profit at the lower end of its forecast
range of $310 million to $340 million range tomorrow.