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Fletcher forecasts 312% operating profit rise, sector faces recruitment pressures
Fletcher forecasts 312% operating profit rise, sector faces recruitment pressures 19 Feb, 2021 04:25 AM 4 minutes to read Fletcher Building has bounced back, forecasting it will make $610 million to $660m operating profit for the full year, up on the previous year's pandemic-hit $160m. Last year, the business reported a net earnings loss so this year's anticipated result is a huge turnaround for New Zealand's largest building materials manufacturer, supplier and builder. But the latest forecast rise is not as spectacular if one looks back to 2019, when it made $549m operatin...
Source: nzherald.co.nz